Bridgeline Digital Q1 2024 Adj EPS $(0.02) Beats $(0.04) Estimate, Sales $3.75M Miss $3.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bridgeline Digital (NASDAQ:BLIN) reported Q1 2024 adjusted EPS of $(0.02), beating the $(0.04) estimate, but missed sales estimates with $3.75M against the expected $3.94M. This represents a 300% decrease in earnings and an 8.03% decrease in sales from the same period last year.
February 14, 2024 | 9:19 pm
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Bridgeline Digital reported a mixed Q1 2024 with an EPS beat but a miss on sales estimates, showing a significant decrease in both earnings and sales from the previous year.
The mixed results, with an EPS beat but a sales miss, could lead to negative sentiment among investors, especially given the significant year-over-year declines in both earnings and sales. This could potentially put downward pressure on BLIN's stock price in the short term.
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