Presidio Property Trust Q3 EPS $(0.011) Down From $0.01 YoY, Sales $4.48M Up From $4.39M YoY
Portfolio Pulse from Benzinga Newsdesk
Presidio Property Trust (NASDAQ:SQFT) experienced a significant decline in earnings per share (EPS) in Q3, reporting a loss of $(0.01) per share compared to a profit of $0.01 per share year-over-year (YoY). However, the company saw a slight increase in sales, with $4.48M reported this quarter, up from $4.39M in the same quarter last year.
November 14, 2023 | 10:38 pm
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Presidio Property Trust reported a Q3 loss of $(0.01) per share, down from a profit of $0.01 per share YoY, with a slight increase in sales to $4.48M from $4.39M YoY.
The substantial decrease in EPS is a strong negative signal for investors, indicating a significant drop in profitability YoY. Although there is a slight increase in sales, the negative earnings overshadow this growth, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100