Northern Technologies Q1 Adj. EPS $0.10 Misses $0.18 Estimate, Sales $20.18M Miss $21.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northern Technologies (NASDAQ:NTIC) reported Q1 adjusted EPS of $0.10, missing the $0.18 estimate, and sales of $20.18M, below the $21.00M estimate. Despite these misses, there was a 66.67% increase in EPS and a 1.14% increase in sales compared to the same period last year.
January 11, 2024 | 1:02 pm
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NEGATIVE IMPACT
Northern Technologies reported lower-than-expected Q1 earnings and sales, with EPS at $0.10 versus the expected $0.18 and sales at $20.18M against the forecasted $21.00M.
Missing both earnings and sales estimates is likely to negatively impact investor sentiment in the short term, leading to a potential decrease in NTIC's stock price. However, the year-over-year growth in EPS and sales may provide some cushion to the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100