Jerash Holdings (US) Q3 2024 GAAP EPS $0.02 Misses $0.05 Estimate, Sales $27.52M Miss $36.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jerash Holdings (US) (NASDAQ:JRSH) reported Q3 2024 earnings of $0.02 per share, missing the $0.05 estimate, and sales of $27.52M, missing the $36.85M estimate. This represents a 36.04% decrease in sales compared to the same period last year.
February 08, 2024 | 1:09 pm
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NEGATIVE IMPACT
Jerash Holdings reported lower than expected Q3 2024 earnings and sales, missing estimates significantly and showing a substantial year-over-year sales decline.
Missing both earnings and sales estimates significantly, especially with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and potentially the stock price of Jerash Holdings in the short term.
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