Recap: Tilly's Q3 Earnings
Portfolio Pulse from Benzinga Insights
Tilly's (NYSE:TLYS) reported Q3 earnings with an EPS of $-0.03, beating estimates by 57.14% but with a revenue decrease of $11.37 million YoY. Last quarter's EPS beat was followed by a 3.11% share price drop the next day.
November 30, 2023 | 9:15 pm
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NEUTRAL IMPACT
Tilly's reported a better-than-expected Q3 EPS at $-0.03, surpassing estimates by 57.14%, but saw a year-over-year revenue decline. Previous earnings beat led to a share price drop.
While Tilly's exceeded EPS estimates, the decline in revenue and historical share price drop following last quarter's earnings beat suggest a neutral short-term impact. Investors may have mixed reactions to the earnings beat against the backdrop of declining revenue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100