Great Elm Capital Q1 2024 GAAP EPS $0.37 Misses $0.41 Estimate, Sales $8.909M Miss $9.136M Estimate
Portfolio Pulse from Benzinga Newsdesk
Great Elm Capital (GECC) reported Q1 2024 earnings of $0.37 per share, missing the consensus estimate of $0.41. Sales were $8.909M, also below the estimate of $9.136M, but marked a 5.93% increase from the previous year.
May 02, 2024 | 8:52 pm
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Great Elm Capital reported lower-than-expected Q1 2024 earnings and sales, missing estimates but showing year-over-year growth.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the year-over-year growth indicates some underlying strength in the company's operations.
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