Noodles Q2 Adj $(0.02) Misses $0.05 Estimate, Sales $125.15M Miss $136.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Noodles (NASDAQ:NDLS) reported Q2 losses of $(0.02) per share, missing the analyst consensus estimate of $0.05 by 140%. The company also reported quarterly sales of $125.15 million, missing the analyst consensus estimate of $136.40 million by 8.24%. This represents a decrease in earnings and sales compared to the same period last year.
August 09, 2023 | 8:17 pm
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NEGATIVE IMPACT
Noodles reported a significant miss on both earnings and sales for Q2, which could negatively impact investor sentiment and the stock price in the short term.
Noodles reported a significant miss on both earnings and sales for Q2. This underperformance compared to analyst estimates could negatively impact investor sentiment, leading to a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100