LiveWire Gr Q1 EPS $(0.12) Beats $(0.14) Estimate, Sales $4.98M Miss $13.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
LiveWire Gr (NYSE:LVWR) reported Q1 EPS of $(0.12), beating estimates by 14.29% but saw a 20% increase in losses from last year. Sales were $4.98M, missing estimates by 63.15% and marking a 35.87% decrease from the previous year.
April 25, 2024 | 11:10 am
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LiveWire Gr reported a mixed Q1 with EPS beating estimates but sales significantly missing expectations and showing a decrease from the previous year.
The mixed earnings report with a significant miss in sales expectations and a year-over-year decrease in sales could lead to negative investor sentiment in the short term. Although the EPS beat might offer some support, the substantial miss on the sales front is likely to weigh more heavily on the stock.
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