Loop Industries Q2 EPS $(0.10), Inline, Sales $54.00K Beat $20.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Loop Industries reported Q2 earnings per share (EPS) of $(0.10), in line with analyst consensus. This is a 37.5% increase over losses from the same period last year. Quarterly sales were $54.00K, beating the analyst consensus estimate of $20.00K by 170.00%, but a 60.00% decrease from the same period last year.
October 16, 2023 | 11:29 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Loop Industries reported Q2 EPS of $(0.10), in line with estimates. Sales were $54.00K, beating estimates by 170.00%, but down 60.00% YoY.
Loop Industries' Q2 earnings were in line with analyst expectations, which is generally a positive sign. However, the company's sales beat estimates by a significant margin, which could be seen as a strong performance. On the other hand, the 60.00% decrease in sales YoY could be a cause for concern for investors, potentially indicating underlying issues in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100