CORRECTION: 36KR Holdings Q3 Adj. EPS $(0.06) Down From $0.02 YoY, Sales $13.29M Down From $13.30M YoY
Portfolio Pulse from Benzinga Newsdesk
36KR Holdings (NASDAQ:KRKR) experienced a significant decline in its Q3 adjusted earnings, reporting a loss of $(0.06) per share compared to a profit of $0.02 per share in the same quarter last year. Sales also saw a marginal decrease to $13.29M from $13.30M year-over-year.
December 07, 2023 | 11:55 am
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NEGATIVE IMPACT
36KR Holdings reported a significant drop in Q3 adjusted EPS to $(0.06), a decrease from last year's $0.02 EPS, with a slight decline in sales to $13.29M from $13.30M.
The reported decrease in both earnings and sales is a negative indicator for the company's financial performance and is likely to be viewed unfavorably by investors, potentially leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100