Xcel Brands Q1 2024 Adj EPS $(0.09) Beats $(0.18) Estimate, Sales $2.184M Miss $2.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Brands (NASDAQ:XELB) reported Q1 2024 adjusted EPS of $(0.09), beating the analyst estimate of $(0.18) by 50%. However, sales of $2.184 million missed the $2.200 million estimate by 0.70%.
May 20, 2024 | 9:38 pm
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Xcel Brands reported better-than-expected Q1 2024 EPS, beating estimates by 50%. However, sales slightly missed expectations by 0.70%.
The significant beat on EPS is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. Investors often prioritize earnings performance over minor sales deviations.
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