Barfresh Food Group Q3 2024 GAAP EPS $(0.03) Misses $(0.01) Estimate, Sales $3.637M Beat $3.610M Estimate
Portfolio Pulse from Benzinga Newsdesk
Barfresh Food Group reported Q3 2024 earnings with a GAAP EPS of $(0.03), missing the $(0.01) estimate, but sales of $3.637M beat the $3.610M estimate. Despite the earnings miss, sales increased by 39.72% compared to the same period last year.
October 24, 2024 | 8:13 pm
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Barfresh Food Group's Q3 2024 earnings report showed a GAAP EPS of $(0.03), missing the $(0.01) estimate, but sales of $3.637M exceeded expectations. Sales increased significantly by 39.72% YoY, indicating strong revenue growth despite the earnings miss.
The earnings miss could negatively impact the stock price, but the strong sales growth may offset this effect. The market may react neutrally in the short term as investors weigh the earnings miss against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100