Caledonia Mining Q2 EPS $0.10 Down From $0.56 YoY, Sales $37.03M Up From $36.99M YoY
Portfolio Pulse from Benzinga Newsdesk
Caledonia Mining (AMEX:CMCL) reported Q2 earnings of $0.10 per share, a decrease of 82.14% YoY. However, the company's sales increased slightly by 0.11% to $37.03 million.
August 10, 2023 | 7:14 am
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Caledonia Mining's Q2 earnings per share decreased significantly by 82.14% YoY, while sales saw a slight increase of 0.11%.
The significant decrease in earnings per share indicates a drop in profitability, which could negatively impact the stock price. However, the slight increase in sales could offset this to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100