Xcel Brands Q2 EPS $(0.09) Beats $(0.13) Estimate, Sales $6.78M Beat $6.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Brands reported Q2 losses of $(0.09) per share, beating the analyst consensus estimate of $(0.13) by 30.77%. This is a 50% increase over losses from the same period last year. The company also reported quarterly sales of $6.78 million, beating the analyst consensus estimate of $6.22 million by 9.02%. However, this is a 19.91% decrease over sales from the same period last year.
August 10, 2023 | 9:06 pm
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NEUTRAL IMPACT
Xcel Brands reported better than expected Q2 earnings and sales, but showed a decrease in sales compared to the same period last year.
While Xcel Brands beat the earnings and sales estimates, the decrease in sales compared to the same period last year could potentially offset the positive impact of the earnings beat. This could lead to a neutral short term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100