Wag Group Q1 2024 GAAP EPS $(0.11) Beats $(0.13) Estimate, Sales $23.219M Beat $22.233M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wag Group (NASDAQ:PET) reported Q1 2024 earnings with a smaller loss per share of $(0.11) compared to the expected $(0.13), and sales of $23.219M, surpassing the forecast of $22.233M. This represents a decrease in losses per share but an increase in sales year-over-year.
May 09, 2024 | 11:11 am
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Wag Group reported a smaller than expected Q1 2024 loss and higher sales, indicating potential growth and operational efficiency improvements.
Beating both EPS and sales estimates typically leads to positive investor sentiment, potentially driving up the stock price in the short term. The improvement in sales and reduction in losses compared to last year further supports a positive outlook.
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IMPORTANCE 90
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