Oxford Lane Capital Q1 EPS $0.43 Down From $0.55 YoY, Sales $70.50M Up From $63.50M YoY
Portfolio Pulse from Benzinga Newsdesk
Oxford Lane Capital (NASDAQ:OXLC) reported a decrease in Q1 earnings per share from $0.55 last year to $0.43 this year, a 21.82% decrease. However, the company's sales increased by 11.02% from $63.50 million to $70.50 million over the same period.
July 31, 2023 | 12:05 pm
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Oxford Lane Capital's Q1 earnings per share decreased by 21.82% YoY, but sales increased by 11.02%.
While Oxford Lane Capital's earnings per share decreased, the increase in sales could offset the potential negative impact on the stock price. The mixed results make the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100