Energy Focus Q3 EPS $(0.27) Beats $(0.29) Estimate, Sales $1.34M Beat $1.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Energy Focus (NASDAQ:EFOI) reported Q3 losses of $(0.27) per share, beating the analyst consensus estimate of $(0.29) by 6.9%. The company also reported quarterly sales of $1.34 million, beating the analyst consensus estimate of $1.26 million by 6.27%. However, this represents a 24.09% decrease in sales compared to the same period last year.
November 09, 2023 | 4:54 pm
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NEUTRAL IMPACT
Energy Focus reported better than expected Q3 earnings and sales, but a significant decrease in sales YoY could negatively impact investor sentiment.
While the company beat Q3 estimates, the significant decrease in sales compared to the same period last year could be a cause for concern among investors, potentially impacting the stock's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100