Lee Enterprises Q3 EPS $(0.73) Down From $0.25 YoY, Sales $150.58M Down From $171.31M YoY
Portfolio Pulse from Benzinga Newsdesk
Lee Enterprises (NASDAQ:LEE) reported a significant decline in its Q3 earnings, with a loss of $(0.73) per share compared to a profit of $0.25 per share in the same period last year. Sales also decreased by 12.10% to $150.58 million from $171.31 million year-over-year.
August 01, 2024 | 11:12 am
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Lee Enterprises reported a Q3 loss of $(0.73) per share, a significant decline from $0.25 per share last year. Sales also fell by 12.10% to $150.58 million.
The significant decline in both earnings and sales is likely to negatively impact Lee Enterprises' stock price in the short term. The 392% decrease in EPS and 12.10% drop in sales indicate substantial financial challenges.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100