Loop Industries Q3 EPS $(0.09) Vs $(0.02) YoY, Sales $26.00K Miss $30.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Loop Industries (NASDAQ:LOOP) reported a Q3 adjusted loss of $(0.08) per share, missing the $(0.07) estimate by 11.43%, and a 290% increase from $(0.02) last year. Sales were $26K, missing the $30K estimate by 13.33%, but a 4.32% increase from $24.92K last year.
January 16, 2024 | 9:45 pm
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NEGATIVE IMPACT
Loop Industries reported a larger than expected Q3 loss and a slight miss in sales compared to estimates, with a significant increase in losses from the previous year.
The reported earnings miss and increased losses year-over-year are likely to negatively impact investor sentiment and could lead to a short-term decline in LOOP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100