Compx Intl Q3 EPS $0.47 Up From $0.40 YoY, Sales $40.30M Down From $42.86M YoY
Portfolio Pulse from Benzinga Newsdesk
Compx Intl (AMEX:CIX) reported Q3 earnings of $0.47 per share, a 17.5% increase YoY. However, sales decreased by 5.98% to $40.30 million compared to $42.86 million in the same period last year.
November 01, 2023 | 9:47 pm
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Compx Intl's Q3 earnings increased by 17.5% YoY, but sales decreased by 5.98%.
The increase in earnings per share indicates improved profitability, which is positive for the stock. However, the decrease in sales could be a concern for investors as it might indicate a slowdown in business, potentially offsetting the positive impact of increased earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100