Flexsteel Industries Q2 Adj EPS $0.57 Beats $0.56 Estimate, Sales $100.11M Miss $102.12M Estimate
Portfolio Pulse from totan@benzinga.com
Flexsteel Industries (NASDAQ:FLXS) reported Q2 adjusted EPS of $0.57, surpassing the $0.56 estimate, marking a 612.5% increase from last year's $0.08. However, their sales of $100.11M fell short of the $102.12M estimate, though it's a 7.48% increase from the previous year.
February 05, 2024 | 9:11 pm
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Flexsteel Industries reported a Q2 adjusted EPS of $0.57, beating estimates, with a significant year-over-year increase. However, sales missed estimates slightly, though they showed growth from the previous year.
The positive earnings surprise and significant year-over-year growth in EPS are likely to be viewed favorably by investors, potentially leading to a short-term positive impact on FLXS's stock price. However, the slight miss on sales estimates could temper some of the positive sentiment.
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