American Realty Investors Q3 EPS $0.18 Down From $18.72 YoY, Sales $12.53M Up From $8.32M YoY
Portfolio Pulse from Benzinga Newsdesk
American Realty Investors (NYSE:ARL) reported Q3 earnings of $0.18 per share, a 99.04% decrease YoY. However, the company's sales increased by 50.57% to $12.53 million compared to the same period last year.
November 09, 2023 | 11:53 pm
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American Realty Investors reported a significant decrease in Q3 earnings but an increase in sales. This mixed result could lead to uncertainty among investors.
The significant decrease in earnings could negatively impact the stock price as it indicates a decrease in profitability. However, the increase in sales could offset this as it shows growth in the company's operations. The net effect on the stock price is uncertain.
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