Farmer Brothers (FARM) Reports Q1 Loss, Tops Revenue Estimates
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Farmer Brothers (FARM) reported a Q1 loss of $0.24 per share, slightly worse than the Zacks Consensus Estimate of a $0.23 loss. This is a larger loss compared to $0.06 per share a year ago. However, the company exceeded revenue estimates.
November 08, 2024 | 1:30 am
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Farmer Brothers reported a Q1 loss of $0.24 per share, slightly missing the consensus estimate of $0.23. The loss is larger compared to the previous year's $0.06 per share. Despite this, the company exceeded revenue estimates.
The reported loss per share was slightly worse than expected, which could negatively impact the stock price in the short term. However, exceeding revenue estimates may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100