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TULP — Bloomia Holdings News Story

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Consumer DefensivesAdventurousMicro CapNeutral

Specialty agricultural firm Lendway Q2 net revenue rises

Overview

Lendway Inc fiscal Q2 net rev rises to $23.2 mln, driven by holiday sales

Operating income for fiscal Q2 jumps to $2.5 mln

Net income from continuing operations reaches $1.3 mln, aided by tax benefits

Outlook

Lendway plans to continue growing market share in the coming year

Company aims to maintain momentum following record Mother's Day sales

Result Drivers

HOLIDAY SALES - Revenue boost attributed to Easter and Mother's Day sales, per Lendway

ACQUISITION IMPACT - Bloomia acquisition timing contributed to revenue growth, according to Lendway

COST REDUCTIONS - Absence of prior year's acquisition costs improved operating income

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Net Income$295 mln
Q2 Basic EPS$0.59
Q2 Operating Income$2.48 bln
Press Release: ID:nACSgsdn2a (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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