CORRECTION: Alto Ingredients Q3 EPS $(0.05) Misses $0.09 Estimate, Sales $318.13M Beat $308.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alto Ingredients (NASDAQ:ALTO) reported Q3 losses of $(0.05) per share, missing the analyst consensus estimate of $0.09 by 155.56%. However, the company's quarterly sales of $318.13 million beat the analyst consensus estimate of $308.71 million by 3.05%. Compared to the same period last year, the losses have increased by 87.18%, while sales have decreased by 5.57%.
November 07, 2023 | 2:41 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Alto Ingredients missed its Q3 EPS estimate but beat sales estimates. The company's losses have increased compared to last year, while sales have decreased.
Alto Ingredients missed its earnings per share estimate, which is a key indicator of a company's profitability. This could negatively impact investor sentiment and the company's stock price. However, the company beat its sales estimates, which could offset some of the negative impact. The increase in losses and decrease in sales compared to last year could also negatively affect the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100