Lifeway Foods: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Lifeway Foods (NASDAQ:LWAY) reported Q3 earnings with an EPS of $0.23, beating estimates by 43.75% against the expected $0.16. Revenue increased by $2.76 million from the same period last year. The company's stock price had previously risen by 9.07% the day after beating Q2 EPS estimates by $0.15.
November 13, 2023 | 2:05 pm
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Lifeway Foods reported a strong Q3 earnings beat with an EPS of $0.23, which was significantly higher than the estimated $0.16. Revenue also showed an increase from the previous year.
Given the substantial earnings beat and the historical positive stock price reaction to the previous quarter's earnings beat, it is likely that LWAY's stock price will experience a short-term increase. The company's consistent performance in surpassing earnings estimates and the year-over-year revenue growth are strong indicators of positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100