Mexco Energy Q2 EPS $0.12 Down From $0.55 YoY, Sales $1.41M Down From $2.33M YoY
Portfolio Pulse from Benzinga Newsdesk
Mexco Energy (AMEX:MXC) reported a 78.18% decrease in quarterly earnings YoY, with EPS of $0.12, down from $0.55. Sales also decreased by 39.50% to $1.41M, down from $2.33M YoY.
November 08, 2023 | 10:58 pm
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NEGATIVE IMPACT
Mexco Energy's Q2 earnings report shows a significant decrease in both EPS and sales YoY. This could potentially impact the company's stock negatively in the short term.
The significant decrease in both earnings per share and sales indicates a potential negative impact on the company's financial health. This could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100