Pangaea Logistics Solns Q1 2024 GAAP EPS $0.14, Inline, Sales $104.749M Miss $117.472M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pangaea Logistics Solns (NASDAQ:PANL) reported Q1 2024 earnings of $0.14 per share, meeting consensus estimates but with a 27.27% increase from the previous year. However, their sales of $104.749M fell short of the $117.472M estimate, marking a 10.83% miss and a 7.87% decrease from the previous year.
May 09, 2024 | 9:25 pm
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Pangaea Logistics Solns reported Q1 2024 earnings per share of $0.14, aligning with estimates and showing a 27.27% increase from last year. However, their sales of $104.749M missed estimates by 10.83% and decreased by 7.87% from the previous year.
Meeting EPS estimates while showing year-over-year growth is positive, but the significant miss in sales forecasts and the decrease from the previous year's sales could concern investors. The mixed results present a neutral short-term impact as the positive earnings performance may offset concerns about revenue shortfalls.
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