Transcontinental Realty Q3 EPS $0.52 Down From $43.79 YoY, Sales $12.53M Up From $8.32M YoY
Portfolio Pulse from Benzinga Newsdesk
Transcontinental Realty (NYSE:TCI) reported Q3 earnings of $0.52 per share, a 98.81% decrease YoY. However, the company's sales increased by 50.56% to $12.53 million compared to the same period last year.
November 09, 2023 | 6:26 pm
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NEGATIVE IMPACT
Transcontinental Realty's Q3 earnings significantly decreased by 98.81% YoY, but sales saw a substantial increase of 50.56%.
The significant decrease in earnings could negatively impact the stock price in the short term. However, the substantial increase in sales might offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100