New Concept Energy Q3 EPS $0.01, Same YoY, Sales $35.00K Down From $63.00K YoY
Portfolio Pulse from Benzinga Newsdesk
New Concept Energy (AMEX:GBR) reported Q3 earnings of $0.01 per share, unchanged YoY. However, sales decreased by 44.44% to $35.00K from $63.00K YoY.
November 09, 2023 | 11:59 pm
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NEGATIVE IMPACT
New Concept Energy's Q3 earnings remained steady, but sales saw a significant decrease of 44.44% YoY.
The company's earnings remained steady, which is a positive sign. However, the significant decrease in sales could indicate a slowdown in business, which may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100