Universal Q2 Adj EPS $1.21 Up From $0.88 YoY, Sales $638.48M Down From $650.98M YoY
Portfolio Pulse from bharat@benzinga.com
Universal (NYSE:UVV) reported Q2 earnings of $1.21 per share, a 37.5% increase YoY. However, sales decreased by 1.92% to $638.48M compared to $650.98M in the same period last year.
November 02, 2023 | 9:42 pm
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Universal's Q2 earnings increased by 37.5% YoY, but sales decreased by 1.92%. This mixed result could lead to uncertain market reactions.
The increase in earnings is a positive sign of the company's profitability. However, the decrease in sales could indicate a potential slowdown in business, which might concern investors. The mixed results make it difficult to predict the short-term impact on the stock price.
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