FGI Industries Q2 Adj EPS $0.01 Beats $(0.05) Estimate, Sales $29.19M Miss $30.23M Estimate
Portfolio Pulse from vinayak@benzinga.com
FGI Industries reported Q2 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.05) by 120 percent. However, the company's quarterly sales of $29.19 million missed the analyst consensus estimate of $30.23 million by 3.44 percent. This represents a 90 percent decrease in earnings and a 38.94 percent decrease in sales compared to the same period last year.
August 09, 2023 | 8:46 pm
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FGI Industries reported better than expected Q2 earnings but missed on sales. The company's earnings and sales have significantly decreased compared to the same period last year.
FGI Industries reported a significant year-over-year decrease in both earnings and sales. While the company beat earnings estimates, it missed on sales, which could negatively impact the stock price in the short term.
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