Tejon Ranch Q3 EPS $(0.01) Down From $0.38 YoY, Sales $10.21M Miss $17.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tejon Ranch (NYSE:TRC) reported Q3 losses of $(0.01) per share, a 102.63% decrease YoY. The company's quarterly sales were $10.21 million, missing the analyst consensus estimate of $17.57 million by 41.90%. This represents a 67.56% decrease in sales compared to the same period last year.
November 07, 2023 | 2:22 pm
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Tejon Ranch reported a significant decrease in earnings and sales for Q3, missing analyst estimates. This could negatively impact the company's stock in the short term.
Tejon Ranch's Q3 report shows a significant decrease in earnings and sales compared to the same period last year, and also missed analyst estimates. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100