FGI Industries Q3 2023 Adj EPS $0.05 Misses $0.13 Estimate, Sales $29.93M Miss $31.64M Estimate
Portfolio Pulse from totan@benzinga.com
FGI Industries reported Q3 2023 earnings of $0.05 per share, missing the analyst consensus estimate of $0.13 by 61.54%. The company's quarterly sales were $29.93 million, missing the estimate of $31.64 million by 5.40%. Both earnings and sales have decreased compared to the same period last year.
November 08, 2023 | 10:22 pm
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FGI Industries reported lower than expected earnings and sales for Q3 2023. Earnings per share were $0.05, missing estimates by 61.54%, and sales were $29.93 million, missing estimates by 5.40%.
FGI Industries reported lower than expected earnings and sales for Q3 2023. This negative financial performance is likely to negatively impact the company's stock price in the short term as it indicates that the company is not meeting market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100