GEN Restaurant Q3 EPS $0.08, Sales $45.56M Miss $46.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
GEN Restaurant (NASDAQ:GENK) reported Q3 earnings of $0.08 per share with sales of $45.56M, missing the consensus estimate of $46.62M by 2.27%. However, this represents a 7.41% increase in sales compared to the same period last year.
November 14, 2023 | 9:21 pm
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GEN Restaurant reported lower-than-expected Q3 sales, missing estimates by 2.27%, but showed a 7.41% YOY sales increase.
Missing sales estimates can negatively impact investor sentiment and stock price in the short term, despite the year-over-year growth. The market typically reacts unfavorably to earnings misses, which could lead to a decrease in GENK's stock price.
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