Formula Sys (1985) Q3 EPS $1.00 Down From $1.09 YoY, Sales $654.84M Up From $636.31M YoY
Portfolio Pulse from Benzinga Newsdesk
Formula Systems (1985) reported a decrease in Q3 EPS to $1.00 from $1.09 YoY, while sales increased to $654.84M from $636.31M YoY.
November 22, 2023 | 12:06 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Formula Systems (1985) experienced a decrease in earnings per share but an increase in sales compared to the same quarter last year.
The decrease in EPS may concern investors looking for profit growth, but the increase in sales suggests the company is expanding its market presence. The mixed results could lead to a neutral short-term impact on the stock price as the market digests both positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100