Express Q2 Adj EPS $(9.05), Sales $435.34M Miss $440.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Express (NYSE:EXPR) reported Q2 adjusted losses of $(9.05) per share, with quarterly sales of $435.34 million, missing the analyst consensus estimate of $440.72 million by 1.22 percent. This represents a 6.36 percent decrease over sales of $464.92 million the same period last year.
September 06, 2023 | 10:33 am
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NEGATIVE IMPACT
Express reported Q2 adjusted losses and lower sales than expected, indicating a potential negative impact on its stock price.
Express reported higher than expected losses and lower sales for Q2. This underperformance compared to analyst estimates is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100