Great Elm Capital Q3 EPS $0.40 Misses $0.44 Estimate, Sales $9.28M Beat $8.93M Estimate
Portfolio Pulse from mahesh@benzinga.com
Great Elm Capital (NASDAQ:GECC) reported Q3 earnings of $0.40 per share, missing the analyst consensus estimate of $0.44 by 9.09%. However, the company's quarterly sales of $9.28 million beat the analyst consensus estimate of $8.93 million by 3.87%. This represents a 185.71% increase in earnings and a 53.75% increase in sales compared to the same period last year.
November 02, 2023 | 10:44 am
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Great Elm Capital's Q3 earnings missed estimates but sales exceeded expectations. Despite the earnings miss, both earnings and sales showed significant year-over-year growth.
Great Elm Capital's earnings miss could negatively impact the stock price in the short term. However, the significant year-over-year growth in both earnings and sales, as well as the sales beat, could offset this negative impact.
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