RF Industries Q3 2024 Adj. EPS $(0.01) Misses $0.06 Estimate, Sales $16.800M Miss $17.843M Estimate
Portfolio Pulse from Benzinga Newsdesk
RF Industries reported Q3 2024 adjusted EPS of $(0.01), missing the $0.06 estimate, and sales of $16.8M, missing the $17.843M estimate. Despite the misses, sales increased by 7.33% compared to the same period last year.
September 16, 2024 | 8:07 pm
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RF Industries' Q3 2024 earnings report showed a significant miss on both EPS and sales estimates, with EPS at $(0.01) versus the expected $0.06, and sales at $16.8M versus $17.843M. However, sales increased by 7.33% year-over-year.
The significant miss on both EPS and sales estimates is likely to negatively impact RFIL's stock price in the short term. The market often reacts unfavorably to earnings misses, especially when the EPS miss is as large as 116.67%. The year-over-year sales growth may provide some support, but the immediate reaction is expected to be negative.
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IMPORTANCE 80
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