Manhattan Bridge Capital Q3 2024 GAAP EPS $0.12, Inline, Sales $2.31M Beat $1.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Manhattan Bridge Capital reported Q3 2024 earnings per share of $0.12, meeting analyst expectations, but down from $0.13 last year. Sales were $2.31M, significantly beating the $1.45M estimate, despite a slight decrease from $2.43M last year.
October 23, 2024 | 11:09 am
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POSITIVE IMPACT
Manhattan Bridge Capital's Q3 2024 earnings per share of $0.12 met expectations, while sales of $2.31M significantly exceeded estimates, despite a slight year-over-year decline.
The earnings per share met expectations, which is neutral, but the significant beat in sales estimates is positive. The slight year-over-year decline in both EPS and sales is a minor negative, but the overall impact is likely positive due to the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100