Alico Q3 EPS $(0.27) Misses $(0.25) Estimate, Sales $13.61M Miss $17.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alico (NASDAQ:ALCO) reported Q3 losses of $(0.27) per share, missing the analyst estimate of $(0.25). Sales were $13.61M, also missing the $17.80M estimate. Despite the misses, losses improved by 63.01% and sales increased by 86.85% year-over-year.
August 05, 2024 | 9:21 pm
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NEGATIVE IMPACT
Alico reported Q3 losses of $(0.27) per share, missing the analyst estimate of $(0.25). Sales were $13.61M, also missing the $17.80M estimate. Despite the misses, losses improved by 63.01% and sales increased by 86.85% year-over-year.
Alico's Q3 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the significant year-over-year improvement in losses and sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100