American Realty Investors Q2 EPS $0.01 Down From $1.01 YoY, Sales $12.24M Up From $8.13M YoY
Portfolio Pulse from Benzinga Newsdesk
American Realty Investors (NYSE:ARL) reported Q2 earnings of $0.01 per share, a 99.01% decrease YoY. However, the company's sales increased by 50.56% to $12.24 million compared to $8.13 million in the same period last year.
August 10, 2023 | 10:02 pm
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NEUTRAL IMPACT
American Realty Investors reported a significant decrease in Q2 earnings but an increase in sales. This mixed result could lead to uncertainty in the market.
The significant decrease in earnings could negatively impact the stock price. However, the increase in sales indicates business growth, which could offset the negative impact. The net effect on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100