High Tide Q2 Sales $124.300M Miss $127.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
High Tide (NASDAQ:HITI) reported Q2 sales of $124.3 million, missing the analyst consensus estimate of $127.6 million by 2.59%. Despite the miss, sales increased by 42.48% compared to the same period last year.
June 13, 2024 | 8:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
High Tide reported Q2 sales of $124.3 million, missing the analyst consensus estimate of $127.6 million by 2.59%. However, sales increased by 42.48% compared to the same period last year.
The miss on sales estimates by 2.59% is likely to have a negative short-term impact on the stock price. However, the significant year-over-year sales growth of 42.48% may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100