TRX Gold Q1 Sales $9.40M Miss $10.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
TRX Gold (AMEX:TRX) reported Q1 sales of $9.40M, missing the analyst consensus estimate of $10.48M by 10.31%, and marking a 3.27% decrease from $9.72M in the same period last year.
January 15, 2024 | 11:32 am
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NEGATIVE IMPACT
TRX Gold reported lower than expected Q1 sales of $9.40M, missing estimates by 10.31% and experiencing a 3.27% YOY decline.
Missing revenue estimates and reporting a year-over-year decline is generally perceived negatively by the market, likely leading to a short-term negative impact on TRX Gold's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100