Beneficient Q2 EPS $(1.45) Down From $(0.03) YoY, Sales $(801.00K) Up From $(10.19M) YoY
Portfolio Pulse from mahesh@benzinga.com
Beneficient (NASDAQ:BENF) reported a significant increase in its Q2 losses to $(1.45) per share, a 4733.33% increase from $(0.03) per share YoY. However, sales improved, showing a 92.14% increase to $(801.00K) from $(10.19M) YoY.
November 13, 2023 | 9:53 pm
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NEGATIVE IMPACT
Beneficient reported a drastic increase in Q2 losses but showed improvement in sales compared to last year.
The substantial increase in losses per share is likely to overshadow the improvement in sales in the short term, potentially leading to negative investor sentiment and a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100