Middlesex Water Q3 EPS $0.56 Down From $0.80 YoY, Sales $46.72M Down From $47.73M YoY
Portfolio Pulse from Benzinga Newsdesk
Middlesex Water (NASDAQ:MSEX) reported a decrease in Q3 earnings and sales YoY. Earnings per share fell by 30% to $0.56 from $0.80, and sales decreased by 2.13% to $46.72 million from $47.73 million.
November 09, 2023 | 4:27 pm
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Middlesex Water's Q3 earnings and sales have decreased YoY, which could negatively impact the company's stock price in the short term.
Earnings reports are a key indicator of a company's financial health. A decrease in earnings and sales YoY often leads to a negative reaction in the stock market as it indicates a company's declining profitability.
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