Mission Produce Q4 Adj $0.11 Beats $0.10 Estimate, Sales $257.90M Miss $288.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mission Produce (NASDAQ:AVO) reported Q4 adjusted earnings of $0.11 per share, surpassing the consensus estimate of $0.10, but representing a 15.38% decrease from the previous year's $0.13 per share. Quarterly sales were $257.90M, falling short of the $288.45M estimate, yet marking an 8.36% increase from the prior year's $238.00M.
December 21, 2023 | 9:08 pm
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Mission Produce beat Q4 EPS estimates but missed on revenue, with a year-over-year decrease in earnings and an increase in sales.
While AVO beat EPS estimates, the miss on revenue and the decrease in earnings compared to last year could lead to mixed investor sentiment. The increase in sales YOY is positive, but the revenue miss may weigh on the stock in the short term.
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