Logan Ridge Finance Q2 EPS $0.38 Beats $0.23 Estimate, Sales $5.34M Miss $5.80M Estimate
Portfolio Pulse from totan@benzinga.com
Logan Ridge Finance (NASDAQ:LRFC) reported Q2 earnings of $0.38 per share, beating the analyst consensus estimate of $0.23 by 65.22%. However, the company's quarterly sales of $5.34 million missed the analyst consensus estimate of $5.80 million by 7.86%.
August 09, 2023 | 8:14 pm
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NEUTRAL IMPACT
Logan Ridge Finance's Q2 earnings exceeded expectations but sales fell short of estimates.
Logan Ridge Finance's earnings beat could potentially boost investor confidence and drive the stock price up. However, the missed sales estimate could offset this positive impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100