Formula Sys (1985) Q2 EPS $1.11 Down From $2.12 YoY, Sales $655.37M Up From $644.59M YoY
Portfolio Pulse from Benzinga Newsdesk
Formula Sys (1985) (NASDAQ:FORTY) reported Q2 earnings of $1.11 per share, a 47.64% decrease YoY. However, sales increased by 1.67% to $655.37M compared to the same period last year.
August 17, 2023 | 10:50 am
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Formula Sys (1985) reported a significant decrease in Q2 earnings YoY, but a slight increase in sales.
The significant decrease in earnings YoY could negatively impact the stock price in the short term. However, the slight increase in sales could mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100