High Tide Q3 2024 GAAP EPS $0.01 Beats $(0.03) Estimate, Sales $131.700M Beat $127.950M Estimate
Portfolio Pulse from Benzinga Newsdesk
High Tide (NASDAQ:HITI) reported Q3 2024 earnings of $0.01 per share, surpassing the expected loss of $(0.03). Sales reached $131.7M, exceeding the $127.95M estimate and marking a 41.34% increase from the previous year.
September 16, 2024 | 8:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
High Tide's Q3 2024 earnings exceeded expectations with an EPS of $0.01, beating the estimated $(0.03). Sales also surpassed forecasts, reaching $131.7M, a 41.34% increase from last year.
High Tide's better-than-expected earnings and significant sales growth are likely to positively impact its stock price in the short term. The EPS beat by 133.33% and sales growth of 41.34% from the previous year indicate strong performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100