CORRECTION: 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 a 300% increase in quarterly adjusted losses to $(0.16) per ADS from $(0.04) YoY. However, the company's sales increased by 22.74% to $82.48 million from $67.20 million YoY.
September 27, 2023 | 11:11 am
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NEGATIVE IMPACT
Bright Scholar Education reported a significant increase in quarterly losses but also a substantial increase in sales.
The company's increased losses could negatively impact the stock price in the short term. However, the increase in sales might offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100