CORRECTION: Solo Brands Q1 2024 Adj EPS $0.03 Beats $0.00 Estimate, Sales $85.324M Beat $79.283M Estimate
Portfolio Pulse from Benzinga Newsdesk
Solo Brands (NYSE:DTC) reported Q1 2024 adjusted EPS of $0.03, surpassing the $0.00 estimate, with sales of $85.324M exceeding the $79.283M forecast. This represents a 70% decrease in earnings and a 3.27% decrease in sales from the same period last year.
May 09, 2024 | 10:57 am
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Solo Brands reported a Q1 2024 EPS of $0.03, beating estimates, with sales of $85.324M also surpassing expectations despite a year-over-year decline.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and stock price in the short term. However, the reported year-over-year decline in both earnings and sales might temper some of the positive momentum. The net effect is likely to be positive but moderated by the context of the year-over-year performance.
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