Star Equity Hldgs Q4 Adj EPS $(0.02) Beats $(0.08) Estimate, Sales $14.11M Beat $9.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Star Equity Holdings (STRR) reported Q4 adjusted losses of $(0.02) per share, surpassing the $(0.08) estimate, with sales of $14.11M exceeding the $9.15M forecast. This represents a significant decrease in earnings and sales from the same period last year.
March 22, 2024 | 12:33 pm
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Star Equity Holdings reported better-than-expected Q4 results, with adjusted losses and sales surpassing estimates, though it marked a decrease from the previous year.
The positive earnings surprise and sales beat are likely to be viewed favorably by investors, potentially leading to a short-term uptick in STRR's stock price. However, the significant year-over-year decrease in both earnings and sales may temper some of the positive sentiment.
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