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Byrna Technologies Inc. Q2 Earnings Surpass Estimates

Byrna Technologies Inc. (NASDAQ: BYRN) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1,400%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced earnings of $0.04, delivering a surprise of 180%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Byrna Technologies, which belongs to the Zacks Technology Services industry, posted revenues of $20.27 million for the quarter ended May 2024, missing the Zacks Consensus Estimate by 0.10%. This compares to year-ago revenues of $11.51 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on ...