Recap: Xcel Brands Q3 Earnings
Portfolio Pulse from Benzinga Insights
Xcel Brands (NASDAQ:XELB) reported Q3 earnings with an EPS of $-0.15, beating estimates by 6.25% but with a revenue decrease of $1.86 million YoY. Last quarter's EPS beat led to a 5.13% share price increase the following day. Historical earnings performance shows variability in meeting EPS estimates.
November 20, 2023 | 9:30 pm
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Xcel Brands reported a better-than-expected Q3 EPS at $-0.15, beating estimates by 6.25%, but experienced a revenue decline from the previous year.
While Xcel Brands surpassed EPS estimates, the decline in revenue could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. Historical data shows a positive reaction to last quarter's EPS beat, but consistent revenue declines may concern investors.
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