High Tide Q4 EPS $0.03 Beats $(0.03) Estimate, Sales $93.64M Beat $92.93M Estimate
Portfolio Pulse from bharat@benzinga.com
High Tide Inc. (NASDAQ:HITI) reported Q4 earnings of $0.03 per share, surpassing the consensus estimate of $(0.03) by 200%. The earnings represent a significant improvement from a $(0.05) loss per share in the same quarter last year. Quarterly sales reached $93.64 million, slightly exceeding expectations of $92.93 million and marking a 15.05% increase from $81.39 million in the prior year's quarter.
January 29, 2024 | 9:10 pm
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POSITIVE IMPACT
High Tide's Q4 earnings beat and sales growth are likely to be viewed positively by investors, indicating strong performance and potential for future growth.
Beating both earnings and sales estimates typically generates positive sentiment among investors, which can lead to a short-term increase in stock price. The substantial improvement from the previous year's loss to a profit this year further strengthens the case for a positive impact.
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IMPORTANCE 90
RELEVANCE 100