LSI Industries Q2 Adj. EPS $0.21 Beats $0.17 Estimate, Sales $109.00M Miss $114.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
LSI Industries (NASDAQ:LYTS) reported Q2 adjusted EPS of $0.21, surpassing the $0.17 estimate, but experienced a 19.23% decrease from the previous year's $0.26. Sales were $109.00M, falling short of the $114.67M estimate and down 15.37% from last year's $128.80M.
January 25, 2024 | 12:04 pm
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NEUTRAL IMPACT
LSI Industries reported a mixed Q2 with an EPS beat but a miss on sales estimates, and both earnings and sales down from the previous year.
While LSI Industries beat EPS estimates, the miss on sales and the year-over-year decline in both EPS and sales could lead to mixed investor sentiment. The EPS beat may be seen positively, but the sales miss and declines could raise concerns about growth, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100