EuroDry (EDRY) Reports Q3 Loss, Misses Revenue Estimates
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EuroDry (EDRY) reported a Q3 loss of $1.42 per share, missing the Zacks Consensus Estimate of a $0.70 loss. This is a significant increase in loss compared to $0.24 per share a year ago.
November 19, 2024 | 4:45 pm
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EuroDry reported a Q3 loss of $1.42 per share, significantly missing the Zacks Consensus Estimate of a $0.70 loss. This marks a substantial increase in losses compared to the previous year.
The reported loss per share of $1.42 is more than double the expected loss of $0.70, indicating a significant underperformance. This 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