Lavoro Q3 Adj EPS $(0.50) Misses $0.02 Estimate, Sales $514.20M Miss $619.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lavoro (NASDAQ:LVRO) reported a significant quarterly loss of $(0.50) per share, missing the analyst consensus estimate of $0.02 by a wide margin. The company's sales also fell short of expectations, coming in at $514.20 million compared to the estimated $619.07 million.
June 03, 2024 | 8:35 pm
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Lavoro reported a significant quarterly loss of $(0.50) per share, missing the analyst consensus estimate of $0.02 by 2600%. Sales also missed expectations, coming in at $514.20 million versus the estimated $619.07 million.
The significant miss on both EPS and sales estimates is likely to negatively impact Lavoro's stock price in the short term. The magnitude of the miss, especially on EPS, indicates potential underlying issues that could concern investors.
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