Yahoo Finance Lifetime Brands First Quarter 2024 Earnings: Misses Expectations
Lifetime Brands (NASDAQ:LCUT) First Quarter 2024 Results
Key Financial Results
Revenue: US$142.2m (down 2.2% from 1Q 2023).
Net loss: US$6.26m (loss narrowed by 29% from 1Q 2023).
US$0.29 loss per share (improved from US$0.41 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Lifetime Brands Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 53%.
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Durables industry in the US.
Performance of the American Consumer Durables industry.
The company's shares are up 8.0% from a week ago.
Valuation
Lifetime Brands' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.
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