CORRECTION: Loop Industries Q3 EPS $(0.09) Vs $(0.02) YoY, Sales $26.00K Miss $30.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Loop Industries reported a wider loss in Q3 with an EPS of $(0.09) compared to $(0.02) year-over-year, and sales of $26.00K, which missed the estimated $30.00K.
January 16, 2024 | 10:40 pm
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NEGATIVE IMPACT
Loop Industries reported a larger year-over-year loss in Q3 and missed sales estimates, indicating potential financial challenges.
The reported increase in loss and missed sales estimates for Loop Industries are negative indicators that could lead to a decrease in investor confidence and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100