Independence Contract Q3 Adj. EPS $(0.37) Misses $(0.30) Estimate, Sales $44.16M Miss $45.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Independence Contract (NYSE:ICD) reported Q3 adjusted losses of $(0.37) per share, missing the analyst consensus estimate of $(0.30) by 23.33%. The company also reported quarterly sales of $44.16 million, missing the estimate of $45.11 million by 2.10%. This represents a 5.71% and 10.14% decrease in earnings and sales respectively from the same period last year.
November 01, 2023 | 11:09 am
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NEGATIVE IMPACT
Independence Contract's Q3 results missed estimates, with a higher loss per share and lower sales than expected. This could negatively impact the company's stock in the short term.
The company's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100