Lulus Fashion Lounge Q2 EPS $(0.07) Misses $(0.02) Estimate, Sales $106.12M Miss $106.80M Estimate
Portfolio Pulse from bharat@benzinga.com
Lulus Fashion Lounge (NASDAQ:LVLU) reported Q2 losses of $(0.07) per share, missing the analyst consensus estimate of $(0.02) by 250 percent. This is a 146.67 percent decrease over earnings of $0.15 per share from the same period last year. The company also reported quarterly sales of $106.12 million, missing the analyst consensus estimate of $106.80 million by 0.63 percent, a 19.31 percent decrease over sales of $131.51 million the same period last year.
August 08, 2023 | 8:32 pm
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NEGATIVE IMPACT
Lulus Fashion Lounge reported a significant decrease in Q2 earnings and sales, missing analyst estimates. This could negatively impact the company's stock price in the short term.
Lulus Fashion Lounge reported a significant decrease in Q2 earnings and sales, missing analyst estimates. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100