Industrial Logistics Q3 EPS $0.12 Down From $0.23 YoY, Sales $110.14M Beat $108.68M Estimate
Portfolio Pulse from mahesh@benzinga.com
Industrial Logistics (NASDAQ:ILPT) reported Q3 earnings of $0.12 per share, a 47.83% decrease YoY. However, the company's quarterly sales of $110.14M beat the analyst consensus estimate of $108.68M by 1.35%, marking a 6.71% increase YoY.
October 25, 2023 | 8:41 pm
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NEUTRAL IMPACT
Industrial Logistics' Q3 earnings per share decreased by 47.83% YoY, but sales beat estimates and increased by 6.71% YoY.
While the decrease in earnings per share is a negative sign, the increase in sales and beating of estimates could offset this in the short term. The net impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100