Kolibri Global Energy Q3 EPS $0.06 Down From $0.26 YoY, Oil and Gas Gross Revenue $16.38M Up From $12.67M YoY
Portfolio Pulse from Benzinga Newsdesk
Kolibri Global Energy reported a decrease in Q3 EPS to $0.06 from $0.26 year-over-year, while its oil and gas gross revenue increased to $16.38M from $12.67M over the same period.
November 14, 2023 | 7:39 am
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Kolibri Global Energy experienced a decline in earnings per share (EPS) but an increase in oil and gas gross revenue in Q3 compared to the previous year.
The decrease in EPS may concern investors as it suggests lower profitability, while the increase in revenue could indicate growth in operations. The mixed results present a neutral short-term impact as the market digests both positive and negative aspects of the report.
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