Lavoro FY Sales $1.888B Beat $1.793B Estimate; Net Loss $154.6M Up From $43.7M YoY
Portfolio Pulse from Benzinga Newsdesk
Lavoro (NASDAQ:LVRO) reported fiscal year sales of $1.888 billion, surpassing the analyst estimate of $1.793 billion. However, the company experienced a net loss of $154.6 million, a significant increase from the previous year's loss of $43.7 million.
November 01, 2024 | 7:51 am
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Lavoro's sales exceeded expectations, but the net loss widened significantly compared to last year. This mixed result may lead to volatility in the stock price.
While Lavoro's sales performance was strong, beating estimates by 5.32%, the substantial increase in net loss from $43.7M to $154.6M could concern investors. The positive sales result may be overshadowed by the negative earnings, leading to potential stock price volatility.
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