Ascent Industries Q3 EPS $(1.26) Misses $(0.12) Estimate, Sales $56.11M Miss $61.90M Estimate
Portfolio Pulse from totan@benzinga.com
Ascent Industries (NASDAQ:ACNT) reported Q3 losses of $(1.26) per share, missing the analyst consensus estimate of $(0.12) by 950 percent. This is a 2200 percent decrease from last year's earnings. The company also reported quarterly sales of $56.11 million, missing the analyst consensus estimate of $61.90 million by 9.35 percent, a 43.98 percent decrease from last year.
November 08, 2023 | 9:48 pm
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NEGATIVE IMPACT
Ascent Industries reported significant Q3 losses and missed analyst estimates, indicating potential financial instability.
Ascent Industries reported a significant miss on both earnings per share and sales estimates for Q3. This indicates potential financial instability and could negatively impact investor sentiment, leading to a potential decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100