Loop Industries FY 2024 GAAP EPS $(0.44), Inline, Sales $153.000K Beat $148.000K Estimate
Portfolio Pulse from Benzinga Newsdesk
Loop Industries (NASDAQ:LOOP) reported FY 2024 GAAP EPS of $(0.44), meeting analyst expectations, and sales of $153 million, beating the $148 million estimate. Despite the sales beat, revenue decreased by 11.56% compared to the same period last year.
May 30, 2024 | 7:07 am
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Loop Industries reported FY 2024 GAAP EPS of $(0.44), in line with expectations, and sales of $153 million, beating the $148 million estimate. However, revenue decreased by 11.56% compared to the same period last year.
The EPS met expectations, which is neutral for the stock. The sales beat is positive, but the YoY revenue decline is a negative factor. Overall, the mixed results suggest a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100