Fidelis Insurance Holdings Q3 2023 EPS $0.74 Up From $(0.48) YoY, $537.5M Up From $432.7M YoY
Portfolio Pulse from Benzinga Newsdesk
Fidelis Insurance Holdings reported a significant increase in earnings for Q3 2023, with EPS at $0.74, up from a loss of $(0.48) in the same quarter the previous year. Revenue also saw a substantial rise to $537.5 million from $432.7 million year-over-year.
November 20, 2023 | 9:14 pm
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Fidelis Insurance Holdings (FIHL) reported a strong Q3 2023 with a positive EPS of $0.74, a significant improvement from the $(0.48) loss per share in Q3 2022. Revenue also increased to $537.5 million, up from $432.7 million year-over-year.
The substantial improvement in both EPS and revenue for Fidelis Insurance Holdings suggests a strong financial performance, which is likely to be viewed positively by investors. The turnaround from a loss to a profit in EPS, along with significant revenue growth, could lead to increased investor confidence and a potential rise in the stock price in the short term.
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