Blue Foundry Q1 EPS $(0.13) Beats $(0.21) Estimate, Sales $9.87M Beat $9.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blue Foundry (NASDAQ:BLFY) reported Q1 EPS of $(0.13), surpassing the $(0.21) estimate, with sales of $9.87M exceeding the $9.17M forecast. This represents a 160% increase in losses and a 20.58% decrease in sales from the previous year.
April 24, 2024 | 12:17 pm
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Blue Foundry reported a smaller-than-expected Q1 loss and higher sales, indicating potential operational improvements despite a year-over-year decline.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term stock price increase. However, the year-over-year decline in performance could temper some of the optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100