Unifi Q3 2024 GAAP EPS $(0.57) Misses $(0.45) Estimate, Sales $148.996M Miss $149.131M Estimate
Portfolio Pulse from Benzinga Newsdesk
Unifi (NYSE:UFI) reported Q3 2024 GAAP EPS of $(0.57), missing the $(0.45) estimate, with sales of $148.996M also missing the $149.131M estimate. This represents a significant decrease in performance compared to the same period last year.

May 08, 2024 | 9:23 pm
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NEGATIVE IMPACT
Unifi reported a significant miss in both EPS and sales for Q3 2024, indicating a notable decrease in performance from the previous year.
The miss in both EPS and sales estimates for Unifi, especially with a 96.55% decrease in EPS compared to the same period last year, is likely to negatively impact investor sentiment and the stock price in the short term. The close miss in sales estimates might not be as concerning, but the significant miss in EPS and the comparison to last year's performance highlight underlying issues that could worry investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100