Jewett-Cameron Trading Q3 EPS $0.21 Down From $0.43 YoY, Sales $18.95M Down From $20.92M YoY
Portfolio Pulse from Benzinga Newsdesk
Jewett-Cameron Trading (NASDAQ:JCTCF) reported a 51.16% decrease in quarterly earnings, from $0.43 per share last year to $0.21 per share this year. Sales also decreased by 9.45% from $20.92 million to $18.95 million YoY.
July 13, 2023 | 8:44 pm
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NEGATIVE IMPACT
Jewett-Cameron Trading's Q3 earnings and sales have significantly decreased YoY. This could potentially impact the company's stock negatively in the short term.
The significant decrease in both earnings and sales indicates a potential negative impact on the company's stock. Investors may see this as a sign of poor performance and could potentially sell their shares, leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100