Atlantic American Q3 EPS $0.08 Up From $(0.04) YoY, Sales $44.59M Down From $46.34M YoY
Portfolio Pulse from Benzinga Newsdesk
Atlantic American Corporation (NASDAQ:AAME) reported a significant increase in Q3 earnings per share (EPS) to $0.08, up from a loss of $(0.04) in the same quarter last year. However, sales decreased by 3.78% to $44.59 million from $46.34 million in the same period last year.
November 13, 2023 | 10:46 pm
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Atlantic American reported a positive turnaround in Q3 EPS to $0.08, recovering from a loss, but faced a minor sales decline of 3.78% compared to last year.
The substantial improvement in EPS is likely to be viewed positively by investors, signaling improved profitability. However, the decline in sales may raise concerns about revenue growth. The net effect is likely positive in the short term due to the weight investors place on profitability metrics like EPS.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100