Star Equity Hldgs Q3 Adj $0.01 Beats $(0.12) Estimate, Sales $10.44M Miss $10.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Star Equity Hldgs (NASDAQ:STRR) reported Q3 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.12) by 108.33%. However, the company's quarterly sales of $10.44 million missed the analyst consensus estimate of $10.70 million by 2.48%. This represents a 80% decrease in earnings and a 56.96% decrease in sales compared to the same period last year.
November 08, 2023 | 1:32 pm
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NEGATIVE IMPACT
Star Equity Hldgs reported better than expected Q3 earnings but missed on sales. This resulted in a significant decrease in both earnings and sales compared to last year.
The company's earnings beat estimates, which is a positive signal. However, the miss on sales and the significant decrease in both earnings and sales compared to the same period last year could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100