Euroseas Q2 Adj $4.17 Beats $2.40 Estimate, Sales $47.70M Beat $40.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Euroseas reported Q2 earnings of $4.15 per share, beating the analyst consensus estimate of $2.40 by 72.92%. This is a 1.72% increase from the same period last year. The company also reported quarterly sales of $47.70 million, beating the analyst consensus estimate of $40.95 million by 16.47%. However, this is a 1.62% decrease from the same period last year.
August 09, 2023 | 12:05 pm
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POSITIVE IMPACT
Euroseas reported better than expected Q2 earnings and sales, but showed a slight decrease in sales compared to the same period last year.
Euroseas reported strong Q2 earnings and sales, beating analyst estimates. This positive news is likely to boost investor confidence and could lead to a short-term increase in the stock price. However, the slight decrease in sales compared to the same period last year could temper this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100