LSI Industries Q1 Adj $0.29 Beats $0.24 Estimate, Sales $123.40M Beat $122.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
LSI Industries (NASDAQ:LYTS) reported Q1 earnings of $0.29 per share, beating the analyst consensus estimate of $0.24 by 20.83%. This is a 16% increase from the same period last year. The company also reported quarterly sales of $123.40 million, beating the analyst consensus estimate of $122.39 million by 0.83%. However, this is a 2.89% decrease from the same period last year.
November 01, 2023 | 9:51 pm
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LSI Industries reported better than expected Q1 earnings and sales. However, sales decreased compared to the same period last year.
LSI Industries reported a 16% YoY increase in earnings per share and beat analyst estimates, which is positive for the stock. However, the 2.89% YoY decrease in sales could be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100