Gladstone Inv Q3 Adj EPS $0.26 Misses $0.27 Estimate, Sales $23.08M Miss $23.82M Estimate
Portfolio Pulse from saritha@benzinga.com
Gladstone Investment Corporation (GAIN) reported Q3 adjusted EPS of $0.26, missing the consensus estimate of $0.27 by 3.7%. Year-over-year, this represents a 13.33% decrease from $0.30. Quarterly sales were $23.08M, missing the estimate of $23.82M by 3.1%, but marking a 6.89% increase from the previous year's $21.59M.
February 06, 2024 | 9:20 pm
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Gladstone Investment Corporation (GAIN) missed Q3 earnings and sales estimates, with a notable year-over-year decrease in EPS.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The year-over-year decrease in EPS further compounds concerns about the company's growth trajectory.
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