Lument Finance Trust Q1 2024 Adj EPS $0.15 Beats $0.12 Estimate, Sales $12.993M Miss $33.641M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lument Finance Trust (LFT) reported Q1 2024 adjusted EPS of $0.15, surpassing the $0.12 estimate, but its sales of $12.993M fell short of the $33.641M forecast, a 61.38% miss. However, this represents a 54.16% increase in sales compared to the same period last year.
May 09, 2024 | 9:36 pm
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Lument Finance Trust reported a Q1 2024 EPS of $0.15, beating estimates, but sales of $12.993M missed expectations by a significant margin.
The EPS beat could provide a short-term positive sentiment, offset by the significant miss in sales expectations. The substantial year-over-year sales growth indicates underlying business strength, which might mitigate the negative impact of the sales miss on the stock price. However, the mixed results could lead to short-term market volatility for LFT shares.
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