Northern Technologies Reports Q3 Net Loss of $263K, Beats EPS Estimates
NTIC•Northern Technologies International Corp posted a fiscal Q3 net loss of $263,000, or $0.03 per share, compared to $0.02 per share profit a year ago. Adjusted loss of $0.02 per share topped consensus forecasts of a $0.04 loss, buoyed by revenue that exceeded estimates.
1. Q3 Financial Results
Northern Technologies International Corp recorded a net loss of $263,000 in its fiscal third quarter, equating to a $0.03 per-share decline versus a $0.02 per-share profit in the same period last year.
2. Adjusted EPS Performance
On an adjusted basis excluding amortization costs, the company reported a $0.02 per-share loss, outperforming consensus forecasts of a $0.04 per-share loss.
3. Revenue Beat
Revenue for the quarter surpassed analyst estimates, driving the adjusted EPS beat despite the overall quarterly net loss.
