Genie Energy Q2 EPS $0.57 Down From $1.30 YoY, Sales $93.50M Up From $66.90M YoY
Portfolio Pulse from Benzinga Newsdesk
Genie Energy (NYSE:GNE) reported Q2 earnings of $0.57 per share, a 56.15% decrease YoY. However, the company's sales increased by 39.76% to $93.50 million compared to the same period last year.
August 07, 2023 | 11:36 am
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NEUTRAL IMPACT
Genie Energy's Q2 earnings per share decreased by 56.15% YoY, but sales increased by 39.76%.
The decrease in earnings per share might negatively impact the stock price. However, the significant increase in sales could offset this negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100