PetVivo Hldgs Q2 EPS $(0.28) Down From $(0.21) YoY, Sales $207.37K Down From $223.28K YoY
Portfolio Pulse from Benzinga Newsdesk
PetVivo Holdings (NASDAQ:PETV) reported a year-over-year decline in Q2 earnings per share from $(0.21) to $(0.28), a 33.33% decrease. Sales also decreased by 7.13% from $223.28K to $207.37K compared to the same quarter last year.
November 14, 2023 | 8:11 pm
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NEGATIVE IMPACT
PetVivo Holdings reported a decrease in Q2 EPS by 33.33% and a 7.13% drop in sales compared to last year's same quarter.
The reported decrease in both earnings per share and sales indicates a negative performance for the quarter compared to the previous year, which is likely to be viewed unfavorably by investors and could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100