Mexco Energy Q1 EPS $0.21 Down From $0.59 YoY, Sales $1.75M Down From $2.45M YoY
Portfolio Pulse from Benzinga Newsdesk
Mexco Energy reported Q1 earnings of $0.21 per share, a 64.41% decrease from $0.59 per share YoY. The company's sales also decreased by 28.64% to $1.75 million from $2.45 million YoY.
August 10, 2023 | 10:00 pm
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NEGATIVE IMPACT
Mexco Energy's Q1 earnings and sales have significantly decreased YoY. This could potentially impact the company's stock negatively in the short term.
The significant decrease in both earnings and sales YoY indicates a potential financial struggle for the company. This could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100