Recap: Mission Produce Q1 Earnings
Portfolio Pulse from Benzinga Insights
Mission Produce (NASDAQ:AVO) reported Q1 earnings with an EPS of $0.09, beating estimates by 250% against an expected -$0.06. Revenue increased by $45.20 million from the previous year. The company has a history of surpassing EPS estimates, leading to a share price increase of 7% the day after last quarter's earnings were announced.
March 11, 2024 | 8:35 pm
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Mission Produce reported a significant beat on Q1 earnings with an EPS of $0.09, far exceeding the estimated -$0.06. Revenue also saw a substantial year-over-year increase.
Mission Produce's substantial beat on earnings estimates and the significant increase in revenue compared to the previous year are strong indicators of the company's financial health and operational efficiency. Historically, the company's stock price has reacted positively to earnings beats, as seen in the 7% increase following last quarter's earnings announcement. This pattern suggests a likely positive short-term impact on AVO's stock price.
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