Universal Q1 Adj EPS $(0.08) Down From $0.25 YoY, Sales $517.72M Up From $429.82M YoY
Portfolio Pulse from saritha@benzinga.com
Universal (NYSE:UVV) reported Q1 losses of $(0.08) per share, a 132% decrease from $0.25 per share YoY. However, sales increased by 20.45% to $517.72M from $429.82M YoY.
August 04, 2023 | 12:11 pm
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NEGATIVE IMPACT
Universal reported a significant decrease in Q1 earnings per share but an increase in sales YoY.
The significant decrease in earnings per share indicates a drop 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