Urban-gro Q3 Adj EPS $(0.20) Beats $(0.26) Estimate, Sales $20.93M Miss $21.95M Estimate
Portfolio Pulse from bharat@benzinga.com
Urban-gro (NASDAQ:UGRO) reported Q3 losses of $(0.20) per share, beating the analyst consensus estimate of $(0.26) by 23.08%. However, the company's quarterly sales of $20.93 million missed the analyst consensus estimate of $21.95 million by 4.63%. This represents a 69.26% increase in sales compared to the same period last year.
November 09, 2023 | 9:14 pm
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Urban-gro's Q3 earnings per share beat estimates, but sales missed expectations. Despite the sales miss, there was a significant YoY increase.
Urban-gro's Q3 earnings beat estimates, which is positive for the stock. However, the company missed sales estimates, which could negatively impact the stock. The significant YoY increase in sales could offset the negative impact of the sales miss.
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IMPORTANCE 75
RELEVANCE 100