Xcel Brands exceeded Q earnings consensus by $0.08 but had negative net margin and return on equity; StockNews.com initiated a "sell" rating.
Xcel Brands (NASDAQ: XELB) reported Q earnings of ($0.01) per share, surpassing the consensus estimate of ($0.09) by $0.08, but with a negative net margin of 179.30% and a negative return on equity of 20.21%. Despite the beat, StockNews.com initiated coverage with a "sell" rating on Aug 11th. The company, which operates brands like Isaac Mizrahi and Halston, saw a revenue of $2.95M, slightly less than the estimated $2.98M.
August 17, 2024
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