Genie Energy Q3 EPS $0.53 Down From $0.70 YoY, Sales $125.00M Up From $81.28M YoY
Portfolio Pulse from Benzinga Newsdesk
Genie Energy (NYSE:GNE) reported Q3 earnings of $0.53 per share, a 24.29% decrease YoY. However, the company's sales increased by 53.78% to $125.00 million compared to the same period last year.
November 06, 2023 | 12:32 pm
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NEUTRAL IMPACT
Genie Energy's Q3 earnings per share decreased by 24.29% YoY, but sales increased by 53.78% YoY.
While Genie Energy's earnings per share decreased, the significant increase in sales could offset the potential negative impact on the stock price. The mixed results make the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100