Lee Enterprises Q2 2024 GAAP EPS $(2.06) Misses $(0.22) Estimate, Sales $146.550M Miss $157.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lee Enterprises (NASDAQ:LEE) reported Q2 2024 GAAP EPS of $(2.06), significantly missing the $(0.22) estimate, with sales of $146.550M also missing the $157.400M estimate. This represents a substantial decrease in performance compared to the same period last year.
May 02, 2024 | 11:07 am
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Lee Enterprises reported a significant miss in both EPS and sales for Q2 2024, indicating a notable downturn from the previous year.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with a significant decrease from the previous year's performance, suggests a negative short-term impact on LEE's stock price. The magnitude of the miss, especially in EPS which was off by over 836%, indicates underlying issues that could concern investors and potentially lead to a decrease in stock price as the market reacts to these weaker than expected results.
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IMPORTANCE 90
RELEVANCE 100