Friedman Industries Q1 EPS $1.04 Down From $1.55 YoY, Sales $137.30M Down From $161.80M YoY
Portfolio Pulse from Benzinga Newsdesk
Friedman Industries (AMEX:FRD) reported a decrease in Q1 earnings and sales YoY. Earnings per share fell by 32.9% to $1.04 from $1.55, and sales dropped by 15.14% to $137.30M from $161.80M.
August 14, 2023 | 9:27 pm
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Friedman Industries reported a significant decrease in Q1 earnings and sales YoY, which could negatively impact investor sentiment.
The reported decrease in both earnings and sales indicates a potential slowdown in the company's operations. This could lead to a negative reaction from the market, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100