Shenandoah Q3 EPS $0.03 Beats $(0.01) Estimate, Sales $71.84M Beat $71.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shenandoah (NASDAQ:SHEN) reported Q3 earnings of $0.03 per share, beating the analyst consensus estimate of $(0.01) by 400 percent. This is a 160 percent increase over losses of $(0.05) per share from the same period last year. The company also reported quarterly sales of $71.84 million, beating the analyst consensus estimate of $71.18 million by 0.93 percent, a 7.35 percent increase over sales of $66.92 million the same period last year.
November 03, 2023 | 11:10 am
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POSITIVE IMPACT
Shenandoah's Q3 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Shenandoah's Q3 earnings and sales have exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the stock price. The significant increase in earnings and sales compared to the same period last year further strengthens this positive outlook.
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IMPORTANCE 80
RELEVANCE 100