Blue Foundry Q4 EPS $(0.13) Beats $(0.15) Estimate, Sales $9.77M Beat $9.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blue Foundry (NASDAQ:BLFY) reported Q4 EPS of $(0.13), surpassing the $(0.15) estimate, and sales of $9.77M, exceeding the $9.55M estimate. However, these figures represent a significant decrease from the previous year, with a 750% drop in EPS from $0.02 and a 26.95% decline in sales from $13.37M.
January 24, 2024 | 1:20 pm
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Blue Foundry reported better-than-expected Q4 earnings and sales, but with a significant year-over-year decline in both EPS and revenue.
While Blue Foundry beat analyst estimates for EPS and sales, the substantial decrease compared to the previous year's figures may concern investors about the company's growth trajectory. The mixed results could lead to a neutral short-term impact on the stock price as the market digests both the positive beat and the negative year-over-year trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100