Farmer Bros Q3 2024 GAAP EPS $(0.03) Beats $(0.16) Estimate, Sales $85.358M Miss $88.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Farmer Bros (NASDAQ:FARM) reported Q3 2024 earnings with a GAAP EPS of $(0.03), surpassing the $(0.16) estimate, marking an 81.25% beat and a 91.18% improvement from last year's $(0.34) per share loss. However, their sales of $85.358M fell short of the $88.500M estimate by 3.55%, showing a slight 0.43% decrease from the previous year's $85.723M.
May 09, 2024 | 9:30 pm
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Farmer Bros reported a smaller than expected Q3 loss per share but missed on sales estimates, showing both improvement and challenges in their financial performance.
The better-than-expected EPS could be seen positively by investors, indicating operational efficiency and cost management. However, the miss on sales forecasts may raise concerns about growth and market demand. The mixed results present a neutral outlook in the short term as investors weigh the significance of earnings beat against sales miss.
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