Oxbridge Re Holdings Q3 EPS $(1.24) Down From $(0.37) YoY, Sales $(6.38M) Down From $(696.00K) YoY
Portfolio Pulse from totan@benzinga.com
Oxbridge Re Holdings (NASDAQ:OXBR) experienced a significant decline in its financial performance for Q3, with EPS dropping to $(1.24) from $(0.37) YoY and sales falling to $(6.38M) from $(696.00K) YoY, representing a 235.14% decrease in EPS and an 816.81% decrease in sales.
November 14, 2023 | 9:34 pm
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NEGATIVE IMPACT
Oxbridge Re Holdings reported a substantial decrease in Q3 earnings and sales, with EPS falling to $(1.24) from $(0.37) YoY and sales dropping to $(6.38M) from $(696.00K) YoY.
The reported decrease in both earnings per share and sales is a strong negative signal for investors, indicating a significant downturn in the company's financial health. Such results are likely to lead to a loss of investor confidence and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100