Local Bounti LOCL reported its Q1 earnings results on Wednesday, May 10, 2023 at 07:15 AM.
Here's what investors need to know about the announcement.
Earnings
Local Bounti beat estimated earnings by 4.17%, reporting an EPS of $-0.23 versus an estimate of $-0.24.
Revenue was up $6.42 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05 which was followed by a 1.38% drop in the share price the next day.
Here's a look at Local Bounti's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | -0.25 | -0.27 | -0.19 | |
EPS Actual | -0.30 | -0.30 | -0.36 | -0.32 |
Revenue Estimate | 7.27M | 6.77M | 5.25M | 638K |
Revenue Actual | 6.64M | 6.29M | 6.27M | 282K |
To track all earnings releases for Local Bounti visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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