International General Insurance Holdings Q3 2023 EPS $0.24 Down From $0.46 YoY, Revenue $101.3M Down From $102.6M YoY
Portfolio Pulse from Benzinga Newsdesk
International General Insurance Holdings reported a decrease in earnings per share (EPS) to $0.24 in Q3 2023 from $0.46 year-over-year (YoY). Revenue also declined slightly to $101.3 million from $102.6 million YoY.
November 14, 2023 | 9:42 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
International General Insurance Holdings (IGIC) experienced a decline in both EPS and revenue in Q3 2023 compared to the same period last year.
The reported decrease in both EPS and revenue is typically seen as a negative indicator for a company's financial performance and can lead to a bearish outlook among investors in the short term. This could potentially result in a downward pressure on IGIC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100