Alico Q1 Adj EPS $(0.71) Misses $(0.28) Estimate, Sales $13.98M Beat $11.50M Estimate
Portfolio Pulse from saritha@benzinga.com
Alico (NASDAQ:ALCO) reported Q1 adjusted EPS of $(0.71), missing the $(0.28) estimate by 153.57%, but saw a 15.48% improvement over last year's $(0.84) per share. Sales reached $13.98M, exceeding the $11.50M estimate by 21.61% and marking a 32.08% increase from last year's $10.59M.
February 07, 2024 | 10:49 pm
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Alico reported a Q1 adjusted EPS of $(0.71), missing estimates, but sales of $13.98M exceeded expectations and showed significant year-over-year growth.
While Alico's EPS missed estimates significantly, the substantial beat on sales and year-over-year growth could mitigate negative sentiment. The mixed results present a neutral outlook as investors weigh the earnings miss against strong sales performance.
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IMPORTANCE 80
RELEVANCE 90