EuroDry Q2 Adj EPS $(0.48) Misses $0.54 Estimate, Sales $10.30M Miss $13.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
EuroDry (NASDAQ:EDRY) reported Q2 adjusted losses of $(0.48) per share, missing the analyst consensus estimate of $0.54 by 188.89%. The company also reported quarterly sales of $10.30 million, missing the analyst consensus estimate of $13.87 million by 25.74%. This represents a significant decrease in both earnings and sales compared to the same period last year.
August 08, 2023 | 12:33 pm
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EuroDry's Q2 results missed estimates, with significant decreases in both earnings and sales compared to the same period last year.
EuroDry's Q2 results missed analyst estimates by a significant margin, with both earnings and sales showing a substantial decrease compared to the same period last year. This is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
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