Local Bounti Q2 EPS $(1.35) Beats $(2.71) Estimate, Sales $7.18M Beat $6.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Local Bounti (NYSE:LOCL) reported Q2 losses of $(1.35) per share, beating the analyst consensus estimate of $(2.71) by 50.18%. This is a 71.15% increase over losses from the same period last year. The company also reported quarterly sales of $7.18 million, beating the analyst consensus estimate of $6.94 million by 3.50%. This is a 14.58% increase over sales from the same period last year.
August 09, 2023 | 11:17 am
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POSITIVE IMPACT
Local Bounti's Q2 results exceeded analyst estimates, with losses and sales both improving compared to the same period last year. This could potentially have a positive impact on the company's stock.
Local Bounti's Q2 results exceeded analyst estimates, with losses decreasing by 50.18% and sales increasing by 3.50% compared to estimates. This indicates a better-than-expected financial performance, which is typically a positive signal for investors and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100