Blue Foundry Q3 2024 GAAP EPS $(0.19) Misses $(0.17) Estimate
Portfolio Pulse from Benzinga Newsdesk
Blue Foundry reported a Q3 2024 GAAP EPS of $(0.19), missing the analyst consensus estimate of $(0.17) by 11.76%.
October 23, 2024 | 12:17 pm
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NEGATIVE IMPACT
Blue Foundry's Q3 2024 earnings per share of $(0.19) fell short of the expected $(0.17), indicating a larger-than-expected loss.
The reported EPS of $(0.19) is worse than the expected $(0.17), suggesting financial underperformance. This earnings miss is likely to negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100