Smith & Nephew H1 EPS $0.35 Down From $0.38 YoY, Sales $2.73B Up From $2.60B YoY
Portfolio Pulse from Benzinga Newsdesk
Smith & Nephew (NYSE:SNN) reported a decrease in quarterly earnings from $0.38 per share last year to $0.35 per share this year, a drop of 8.4%. However, the company's sales increased by 5.15% from $2.60 billion to $2.73 billion over the same period.
August 04, 2023 | 12:37 pm
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NEUTRAL IMPACT
Smith & Nephew's earnings per share decreased by 8.4% YoY, but sales increased by 5.15% YoY.
The decrease in earnings per share could negatively impact the stock price. However, the increase in sales could offset this impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100