Blue Foundry Q2 2024 GAAP EPS $(0.11) Beats $(0.21) Estimate, Sales $10.109M Beat $9.441M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blue Foundry (NASDAQ:BLFY) reported Q2 2024 GAAP EPS of $(0.11), beating the estimate of $(0.21). Sales were $10.109M, surpassing the $9.441M estimate. Despite beating estimates, both EPS and sales decreased compared to the same period last year.
July 24, 2024 | 12:24 pm
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Blue Foundry reported better-than-expected Q2 2024 results with GAAP EPS of $(0.11) beating the $(0.21) estimate and sales of $10.109M surpassing the $9.441M estimate. However, both EPS and sales showed a year-over-year decline.
The better-than-expected earnings and sales figures are likely to have a positive short-term impact on BLFY's stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100