Martin Midstream Partners Q3 EPS $(0.03) Up From $(0.71) YoY, Sales $176.70M Down From $229.31M YoY
Portfolio Pulse from Benzinga Newsdesk
Martin Midstream Partners (NASDAQ:MMLP) reported Q3 losses of $(0.03) per share, a 95.77% increase YoY. Sales were $176.70M, a 22.94% decrease YoY.
October 18, 2023 | 8:02 pm
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NEUTRAL IMPACT
Martin Midstream Partners reported a significant decrease in losses YoY, but also a substantial decrease in sales.
While the decrease in losses is a positive sign, the decrease in sales could be a concern for investors. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100