Independence Contract Q4 Adj. EPS $(0.61) Misses $(0.28) Estimate, Sales $45.83M Beat $44.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Independence Contract (NYSE:ICD) reported Q4 adjusted EPS of $(0.61), missing the $(0.28) estimate, and sales of $45.83M, beating the $44.46M estimate. This represents a significant decrease in performance compared to the same period last year.
February 28, 2024 | 11:47 am
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NEGATIVE IMPACT
Independence Contract reported a significant miss on Q4 EPS and a slight beat on sales, indicating a challenging quarter.
The significant miss on the EPS estimate and the decrease in performance compared to the previous year suggest a negative short-term impact on ICD's stock price. The slight beat on sales may not be enough to offset the negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100