Unifi Q2 Adj EPS $(0.81) Beats $(0.85) Estimate, Sales $136.92M Beat $135.57M Estimate
Portfolio Pulse from bharat@benzinga.com
Unifi, Inc. (NYSE:UFI) reported Q2 adjusted EPS of $(0.81), surpassing the $(0.85) estimate, and sales of $136.92M, exceeding the $135.57M estimate. The EPS represents a 33.06% improvement, and sales a 0.52% increase from the same period last year.
January 31, 2024 | 9:49 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Unifi reported better-than-expected Q2 results with an adjusted EPS loss of $(0.81) beating estimates and a slight sales increase from the previous year.
Unifi's stock is likely to experience a positive short-term impact due to the reported earnings surpassing analyst expectations, which is typically seen as a positive signal by investors. The improvement in EPS and sales compared to the same period last year further reinforces the positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100