A-Mark Precious Metals Q1 EPS $0.77 Vs $1.83 Last Year, Sales $2.48B Beat $2.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
A-Mark Precious Metals reported Q1 earnings of $0.77 per share, a 57.92% decrease from last year. However, the company's quarterly sales of $2.48 billion beat the analyst consensus estimate of $2.10 billion by 18.06%, marking a 30.74% increase from the same period last year.
November 07, 2023 | 9:48 pm
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NEUTRAL IMPACT
A-Mark Precious Metals reported a significant decrease in Q1 earnings but beat sales estimates.
While the decrease in earnings could negatively impact the stock, the significant beat on sales estimates could offset this impact, leading to a neutral short term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100