Benzinga | May 4, 2021 06:58AM EDT

Independence Contract Q1 Adj. EPS $(2.58) Beats $(2.74) Estimate, Sales $15.50M Miss $19.00M Estimate

Independence Contract (NYSE:ICD) reported quarterly losses of $(2.58) per share which beat the analyst consensus estimate of $(2.74) by 5.84 percent. This is a 8.51 percent increase over losses of $(2.82) per share from the same period last year. The company reported quarterly sales of $15.50 million which missed the analyst consensus estimate of $19.00 million by 18.42 percent. This is a 59.73 percent decrease over sales of $38.49 million the same period last year.