Idaho Strategic Resources Earlier Reported Q4 EPS $0.02 Misses $0.05 Estimate, Sales $3.78M Beat $3.70M Estimate
Portfolio Pulse from Happy Mohamed
Idaho Strategic Resources (AMEX:IDR) reported Q4 earnings of $0.02 per share, missing the $0.05 estimate, but sales of $3.78M exceeded the $3.70M estimate. This represents a 140% increase in earnings and a 10.05% increase in sales from the same period last year.
March 25, 2024 | 8:30 pm
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Idaho Strategic Resources reported a miss on Q4 EPS estimates but exceeded revenue expectations, showing significant growth compared to last year.
While the miss on EPS estimates might concern some investors, the beat on revenue forecasts and the significant year-over-year growth in both earnings and sales could offset negative sentiment. The mixed results present a neutral short-term outlook for IDR's stock price.
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