Oppenheimer Hldgs Q2 EPS $(0.85) Down From $(0.32) YoY, Sales $306.20M Up From $237.22M YoY
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer Hldgs (NYSE:OPY) reported Q2 losses of $(0.85) per share, a 165.63% decrease YoY. However, the company's sales increased by 29.08% to $306.20 million.
July 28, 2023 | 12:02 pm
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NEGATIVE IMPACT
Oppenheimer Hldgs reported a significant decrease in EPS but an increase in sales for Q2.
The significant decrease in EPS indicates a decrease in profitability, which could negatively impact the stock price. However, the increase in sales could offset this to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100