LM Funding America Q3 EPS $(0.33) Up From $(0.51) YoY, Sales $3.42M Beat $3.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
LM Funding America (NASDAQ:LMFA) reported a narrower Q3 loss of $(0.33) per share compared to $(0.51) YoY, with sales of $3.42M surpassing the $3.20M estimate, marking a significant 1.72K% increase from $187.78K in the same period last year.
November 15, 2023 | 1:16 pm
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POSITIVE IMPACT
LM Funding America reported a reduced Q3 loss and sales that exceeded expectations, indicating a strong year-over-year growth.
The reported earnings show a significant improvement in LMFA's financial performance, with a reduced loss per share and a substantial increase in sales compared to the same quarter last year. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100