MINISO Group Holding Q3 Adj. EPADS $0.27 Misses $0.33 Estimate, Sales $515.70M Miss $597.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
MINISO Group Holding (NYSE:MNSO) reported Q3 adjusted earnings per share of $0.27, missing the consensus estimate of $0.33, and sales of $515.70M, below the expected $597.22M. Despite these misses, both earnings and sales saw increases from the previous year.
May 14, 2024 | 4:51 am
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MINISO Group's Q3 earnings and sales missed analyst estimates, with a notable gap in expected performance. However, the company did report year-over-year growth in both metrics.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the year-over-year growth in both earnings and sales might mitigate some negative reactions.
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RELEVANCE 100