Blue Foundry Q3 EPS $(0.06) Beats $(0.11) Estimate, Sales $10.24M Miss $10.77M Estimate
Portfolio Pulse from bharat@benzinga.com
Blue Foundry (NASDAQ:BLFY) reported Q3 losses of $(0.06) per share, beating the analyst consensus estimate of $(0.11) by 45.45%. However, the company's quarterly sales of $10.24 million missed the analyst consensus estimate of $10.77 million by 4.87%. This represents a 29.90% decrease in sales compared to the same period last year.
October 25, 2023 | 12:16 pm
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NEUTRAL IMPACT
Blue Foundry's Q3 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty among investors.
Blue Foundry's earnings beat estimates, which is a positive signal. However, the miss on sales, which is a key performance indicator, could negatively impact investor sentiment. The net effect is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100