Xcel Brands Q4 EPS $(0.24) Beats $(0.25) Estimate, Sales $2.29M Miss $2.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Brands (NASDAQ:XELB) reported Q4 earnings with a loss of $(0.24) per share, slightly better than the expected $(0.25), but missed sales estimates with $2.29M against the expected $2.46M. This represents a 25% improvement in losses and a 43.75% decrease in sales year-over-year.
April 16, 2024 | 8:34 pm
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Xcel Brands reported a smaller-than-expected Q4 loss per share but missed on sales, showing a year-over-year improvement in losses but a significant drop in sales.
The mixed results with a better-than-expected EPS but a miss on sales forecasts could lead to neutral short-term market reaction. The improvement in losses year-over-year might be seen positively, but the significant decrease in sales could raise concerns about revenue growth.
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