Lee Enterprises Q1 EPS $0.12 Beats $(0.02) Estimate, Sales $155.68M Miss $165.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lee Enterprises (NASDAQ:LEE) reported Q1 earnings of $0.12 per share, surpassing the $(0.02) estimate, a 700% beat. However, sales of $155.68M fell short of the $165.90M estimate, a 6.16% miss, and marked a 15.91% decrease from last year.
February 01, 2024 | 12:04 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Lee Enterprises reported higher-than-expected Q1 earnings but missed sales estimates, with a significant year-over-year decrease.
While the EPS beat is positive, the sales miss and significant year-over-year decrease could temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100