AMMO Q1 Adj EPS $0.05 Beats $(0.02) Estimate, Sales $34.26M Miss $38.95M Estimate
Portfolio Pulse from bharat@benzinga.com
AMMO (NASDAQ:POWW) reported Q1 earnings of $0.05 per share, beating the analyst consensus estimate of $(0.02) by 350 percent. However, this is a 44.44 percent decrease from the same period last year. The company's quarterly sales of $34.26 million missed the analyst consensus estimate of $38.95 million by 12.05 percent, marking a 43.62 percent decrease from the same period last year.
August 09, 2023 | 8:25 pm
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AMMO's Q1 earnings beat estimates but sales missed, and both earnings and sales decreased from the same period last year.
AMMO's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates and both earnings and sales decreased from the same period last year, which is negative for the stock. Therefore, the stock is likely to go down in the short term.
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