Lifetime Brands Q1 2024 GAAP EPS $(0.29) Misses $(0.19) Estimate, Sales $142.242M Miss $144.937M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lifetime Brands reported Q1 2024 GAAP EPS of $(0.29), missing the $(0.19) estimate, with sales of $142.242M also missing the $144.937M estimate, marking a 2.20% decrease from the previous year.
May 09, 2024 | 11:03 am
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NEGATIVE IMPACT
Lifetime Brands missed Q1 2024 earnings and sales estimates, with a notable year-over-year sales decrease.
Missing both earnings and sales estimates, especially with a year-over-year decrease in sales, typically leads to negative investor sentiment and could result in a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100