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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100