Profire Energy Q1 2024 GAAP EPS $0.03, Inline, Sales $13.641M Beat $13.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
Profire Energy (NASDAQ:PFIE) reported Q1 2024 earnings of $0.03 per share, meeting analyst estimates but marking a 40% decrease from the previous year. Sales were $13.641M, exceeding estimates by 4.13% but showing a 6.27% decrease year-over-year.
May 08, 2024 | 9:24 pm
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Profire Energy reported Q1 2024 earnings per share of $0.03, in line with estimates but down 40% from last year. Sales of $13.641M beat estimates but decreased 6.27% YOY.
While PFIE met earnings estimates, the significant year-over-year decrease in both EPS and sales could signal mixed reactions in the short term. The earnings match may stabilize investor confidence, but the declines in performance metrics might temper any potential positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100