Safety Insurance Group Q3 EPS $0.59 Down From $1.13 YoY, Sales $229.36M Up From $192.35M YoY
Portfolio Pulse from Benzinga Newsdesk
Safety Insurance Group (NASDAQ:SAFT) reported Q3 earnings of $0.59 per share, a 47.79% decrease YoY. However, the company's sales increased by 19.24% to $229.36 million compared to the same period last year.
November 01, 2023 | 9:25 pm
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Safety Insurance Group's Q3 earnings per share decreased by 47.79% YoY, but sales increased by 19.24% YoY.
The significant decrease in earnings per share indicates a drop in profitability, which could negatively impact the stock price. However, the increase in sales shows growth in the company's operations, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100