Logan Ridge Finance Q1 2024 GAAP EPS $0.35 Misses $0.36 Estimate, Sales $5.003M Miss $5.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
Logan Ridge Finance (NASDAQ:LRFC) reported Q1 2024 earnings of $0.35 per share, missing the consensus estimate of $0.36, and sales of $5.003M, below the $5.100M estimate. This represents a decrease from the previous year's earnings and sales.
May 08, 2024 | 10:13 pm
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Logan Ridge Finance reported lower than expected Q1 2024 earnings and sales, missing analyst estimates and showing a decrease from the previous year.
Missing earnings and sales estimates, especially with a year-over-year decrease, typically leads to negative investor sentiment in the short term. The reported figures indicate a potential concern over the company's growth and profitability, which could impact the stock price negatively.
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