PhenixFIN Q2 Sales $4.658M Miss $5.601M Estimate
Portfolio Pulse from Benzinga Newsdesk
PhenixFIN (NASDAQ:PFX) reported Q2 sales of $4.658 million, missing the analyst consensus estimate of $5.601 million by 16.84%. This represents a 5.18% decrease from the same period last year.
May 10, 2024 | 12:45 pm
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NEGATIVE IMPACT
PhenixFIN's Q2 sales of $4.658 million missed estimates by 16.84% and showed a 5.18% decrease from the previous year, indicating potential challenges in growth or market conditions.
Missing sales estimates by a significant margin and showing a year-over-year decrease could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100