Profire Energy reports Q3 EPS 4c, consensus 4c
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
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Q3 Revenue Performance: The company reported Q3 revenue of $17.2 million, exceeding the consensus estimate of $15.2 million, with a year-over-year increase driven by strong activity in its diversification business.
Gross Profit and Margin Analysis: Gross profit reached $8.3 million with a gross margin of 48%, reflecting inflationary pressures and lower margins from diversification projects compared to previous quarters.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
