Laird Superfood Q1 2024 Adj EPS $(0.11) Beats $(0.20) Estimate, Sales $9.909M Beat $9.079M Estimate
Portfolio Pulse from Benzinga Newsdesk
Laird Superfood (AMEX:LSF) reported Q1 2024 earnings with an adjusted EPS of $(0.11), surpassing the $(0.20) estimate, and sales of $9.909M, exceeding the $9.079M forecast. This represents a significant improvement over the previous year, with a 72.5% decrease in losses per share and a 22.14% increase in sales.
May 08, 2024 | 8:07 pm
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POSITIVE IMPACT
Laird Superfood reported a smaller than expected Q1 2024 loss and higher sales, indicating a strong performance and significant improvement over the previous year.
The positive earnings report, with both EPS and sales beating estimates, suggests a strong operational performance and improved financial health. This is likely to instill investor confidence and could lead to a short-term uptick in LSF's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100