Pangaea Logistics Solns Q2 EPS $0.10 Misses $0.17 Estimate, Sales $118.08M Miss $120.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pangaea Logistics Solns (NASDAQ:PANL) reported Q2 earnings of $0.10 per share, missing the analyst consensus estimate of $0.17 by 41.18%. This is a 84.38% decrease from the same period last year. The company also reported quarterly sales of $118.08 million, missing the analyst consensus estimate of $120.99 million by 2.41%. This is a 39.62% decrease from the same period last year.
August 09, 2023 | 8:24 pm
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Pangaea Logistics Solns 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.
Pangaea Logistics Solns 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