Xcel Brands Q2 Adj $(0.01) Beats $(0.08) Estimate, Sales $2.95M Miss $3.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xcel Brands (NASDAQ:XELB) reported Q2 losses of $(0.01) per share, beating the analyst estimate of $(0.08). However, sales of $2.95 million missed the $3.62 million estimate, marking a significant year-over-year decline.
August 14, 2024 | 12:01 pm
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Xcel Brands reported better-than-expected Q2 losses of $(0.01) per share, but sales of $2.95 million missed estimates and showed a significant year-over-year decline.
While Xcel Brands beat earnings expectations, the significant miss on sales and the year-over-year decline in revenue could neutralize the positive impact of the earnings beat. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100