Recap: Duckhorn Portfolio Q1 Earnings
Portfolio Pulse from Benzinga Insights
Duckhorn Portfolio (NYSE:NAPA) reported Q1 earnings with an EPS of $0.15, missing estimates by 6.25% against the expected $0.16. Revenue decreased by $5.66 million compared to the same period last year. In the previous quarter, the company exceeded EPS estimates but experienced a 5.2% share price drop the following day.

December 06, 2023 | 9:20 pm
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Duckhorn Portfolio's Q1 earnings missed EPS estimates by 6.25% and reported a revenue decline from the previous year, which may concern investors.
Missing earnings estimates and reporting lower revenue year-over-year are typically seen as negative indicators for a company's financial health and often result in a negative short-term impact on the stock price. Historical data shows a previous drop in share price following an earnings beat, suggesting that the market may react sensitively to earnings reports for NAPA.
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