Xcel Brands For Q3 Sees Net Loss Per Share About $(0.26) Vs. Net Loss Per Share $(0.21) A Year Ago And Consensus Of $(0.17)
Portfolio Pulse from Benzinga Newsdesk
Xcel Brands reported a Q3 net loss per share of approximately $(0.26), which is worse than the net loss per share of $(0.21) a year ago and misses the consensus estimate of $(0.17).
November 15, 2023 | 11:13 am
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Xcel Brands' Q3 earnings report indicates a larger net loss per share than the previous year and consensus estimates, which could negatively impact investor sentiment.
The reported net loss per share of $(0.26) is not only worse than the previous year's $(0.21) but also falls short of the consensus estimate of $(0.17). This underperformance is likely to be viewed negatively by investors, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100