Lifeway Foods Q3 EPS $0.23 Beats $0.16 Estimate, Sales $40.90M Beat $39.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lifeway Foods (NASDAQ:LWAY) reported Q3 earnings of $0.23 per share, surpassing the $0.16 estimate, a 283.33% increase from last year. Sales reached $40.90M, exceeding the $39.50M estimate and marking a 7.23% increase from the previous year.
November 13, 2023 | 2:01 pm
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POSITIVE IMPACT
Lifeway Foods reported strong Q3 results with earnings and sales surpassing estimates, indicating significant year-over-year growth.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in LWAY's stock price. The substantial year-over-year growth in both earnings and sales suggests a strong financial performance, which is typically rewarded by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100