Jain Impex (JYNT) Reports Q3 Earnings Miss and Lowers System-Wide Sales Guidance
Jain Impex (JYNT) reported third-quarter financial results that fell short of market expectations. The company posted a GAAP earnings per share (EPS) of -$0.11, missing estimates by $0.21. While revenue grew slightly by 1.5% year-over-year to reach $13.6 million, this figure missed consensus projections by $1.25 million. In addition to the earnings miss, the company issued a downward revision for its full-year outlook. System-wide sales guidance has been lowered to a range of $508 million to $512 million, down from the previous projection of $519 million to $552 million.
Tickers: $JYNT
Topics: EPS miss guidance downgrade quarterly earnings revenue miss
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