Lovesac Q2 EPS $(0.04) Beats $(0.13) Estimate, Sales $154.50M Beat $150.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lovesac (NASDAQ:LOVE) reported Q2 earnings per share of $(0.04), beating the analyst consensus estimate of $(0.13) by 69.23%. This is a 108.89% decrease from the same period last year. The company also reported quarterly sales of $154.50 million, beating the analyst consensus estimate of $150.66 million by 2.55%. This is a 4.02% increase from the same period last year.
November 03, 2023 | 11:04 am
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Lovesac's Q2 earnings and sales beat analyst estimates, despite a decrease in earnings from the same period last year.
Lovesac's earnings and sales for Q2 have exceeded analyst estimates, which is generally a positive signal for investors. However, the decrease in earnings compared to the same period last year might be a concern. Overall, the news is likely to have a positive impact on the stock in the short term.
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