Gulf Island Fabrication Q3 EPS $(2.04) Down From $0.04 YoY, Sales $5.00M, Adj. Revenue $37.7M
Portfolio Pulse from Benzinga Newsdesk
Gulf Island Fabrication (NASDAQ:GIFI) reported Q3 losses of $(2.04) per share, a 5200% decrease from $0.04 per share YoY. The company's sales also decreased by 87.37% to $5.00 million from $39.59 million in the same period last year.
November 07, 2023 | 10:01 pm
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Gulf Island Fabrication reported significant losses in Q3, with a 5200% decrease in earnings per share and an 87.37% decrease in sales YoY.
The company reported a significant decrease in both earnings per share and sales compared to the same period last year. This indicates a poor financial performance, which is likely to negatively impact the company's stock price in the short term.
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