Treasure Global Q3 EPS $(2.32) Beats $(7.00) Estimate, Sales $1.60M Miss $16.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Treasure Global (NASDAQ:TGL) reported Q3 EPS of $(2.32), beating the $(7.00) estimate, but sales of $1.60M missed the $16.34M estimate. EPS improved by 80.5% YoY, while sales decreased by 91.21% YoY.
May 15, 2024 | 12:09 pm
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Treasure Global's Q3 EPS of $(2.32) beat expectations, showing significant improvement YoY. However, sales of $1.60M missed estimates by a wide margin, indicating potential operational challenges.
While the EPS beat indicates better-than-expected cost management or other financial improvements, the significant miss on sales suggests underlying operational issues. This mixed result is likely to keep the stock price neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100