JYNT's Q3 Earnings Meet Estimates Amid Higher Costs, Shares Dip 3%
The Joint (JYNT) ZACKS·2024-11-15 03:56
The Joint Corp.’s (JYNT) shares have lost 2.7% since it reported third-quarter 2024 results. The quarterly results were hurt by an elevated general and administrative expense level. Impairment-related charges also affected the bottom line.Nevertheless, the downside was offset by higher system-wide sales, led by improved royalty fees, advertising fund revenues and software fees. JYNT reported adjusted earnings per share of 4 cents, which matched the Zacks Consensus Estimate. The bottom line compared favorabl ...