Bright Scholar Education Q3 Adj. EPADS $(0.16) Down From $(0.04) YoY, Adj. EPS $(0.04), Sales $82.48M Up From $67.20M YoY
Portfolio Pulse from Benzinga Newsdesk
Bright Scholar Education (NYSE:BEDU) reported Q3 adjusted losses of $(0.04) per share, a 7.5% decrease YoY. However, the company's sales increased by 26.12% to $84.75 million compared to $67.20 million in the same period last year.
September 27, 2023 | 10:28 am
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NEUTRAL IMPACT
Bright Scholar Education's Q3 report shows a decrease in losses and an increase in sales YoY. This mixed result could lead to uncertain market reactions.
The company's losses have decreased, which is a positive sign. However, it's still reporting losses, which could be a concern for investors. On the other hand, the significant increase in sales is a strong positive. The mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100