CORRECTION: Leafly Holdings Q1 EPS $(1.09) Misses $(0.81) Estimate, Sales $9.05M Miss $9.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Leafly Holdings (NASDAQ:LFLY) reported Q1 EPS of $(1.09), missing the $(0.81) estimate, and sales of $9.05M, missing the $9.10M estimate. This represents a 60.93% decrease in losses per share and a 19.57% decrease in sales from the same period last year.
May 09, 2024 | 11:57 pm
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NEGATIVE IMPACT
Leafly Holdings reported a significant miss in both EPS and sales for Q1, with a decrease in losses but also a decrease in sales compared to last year.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. The decrease in losses indicates some improvement, but the decline in sales could raise concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100