Intercure H1 EPS $0.03 Down From $0.17 YoY, Sales $57.20M Up From $50.05M YoY
Portfolio Pulse from Benzinga Newsdesk
Intercure (NASDAQ:INCR) reported a decrease in quarterly earnings from $0.17 per share last year to $0.03 per share this year, a drop of 82.35%. However, the company's sales increased by 14.29% from $50.05 million to $57.20 million over the same period.
September 01, 2023 | 5:46 am
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Intercure's earnings per share decreased significantly by 82.35% YoY, but sales increased by 14.29% over the same period.
The significant decrease in earnings per share indicates a decline in profitability, which could negatively impact the stock price. However, the increase in sales suggests that the company's revenue generation is improving, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100