Freehold Royalties Q2 EPS $0.12 Down From $0.35 YoY, Sales $54.86M Down From $85.02M YoY
Portfolio Pulse from mahesh@benzinga.com
Freehold Royalties reported Q2 earnings of $0.12 per share, a 65.71% decrease from $0.35 per share YoY. The company's sales also decreased by 35.47% to $54.86 million from $85.02 million YoY.
July 31, 2023 | 9:50 pm
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NEGATIVE IMPACT
Freehold Royalties' Q2 earnings and sales have significantly decreased YoY. This could potentially impact the company's stock negatively in the short term.
Freehold Royalties has reported a significant decrease in both earnings per share and sales YoY. This indicates a potential financial instability which could lead to a decrease in investor confidence and subsequently, a drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100