Jewett-Cameron Q1 EPS $0.37 Up From $(0.02) YoY, Revenue $9.5M Down From $12.5M YoY
Portfolio Pulse from Benzinga Newsdesk
Jewett-Cameron reported a Q1 EPS of $0.37, a significant increase from a loss of $(0.02) in the same quarter last year. However, revenue decreased to $9.5M from $12.5M year-over-year.
January 16, 2024 | 9:43 pm
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Jewett-Cameron's Q1 earnings per share improved significantly to $0.37 from a loss last year, but revenues fell to $9.5M from $12.5M YoY.
The increase in EPS is a positive sign of profitability and may be viewed favorably by investors. However, the decline in revenue indicates potential challenges in sales or market demand, which could offset the positive impact of the EPS increase. The mixed results lead to a neutral score, as the market may need time to digest both aspects of the financial performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100