Caledonia Mining Q3 Adj EPS $0.33 Down From $0.61 YoY, Sales $41.19M Up From $35.84M YoY
Portfolio Pulse from Benzinga Newsdesk
Caledonia Mining (AMEX:CMCL) reported a decrease in Q3 adjusted EPS to $0.33, down from $0.61 YoY, despite a 14.92% increase in sales to $41.19M from $35.84M YoY.
November 14, 2023 | 7:14 am
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NEGATIVE IMPACT
Caledonia Mining's Q3 adjusted EPS decreased by 45.63% YoY to $0.33, despite a sales increase of 14.92% to $41.19M.
The significant drop in adjusted EPS is likely to be viewed negatively by investors, overshadowing the positive sales growth. This could lead to a short-term negative impact on CMCL's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100