AMCON Q1 2024 EPS $1.78 Down From $4.46 YoY; Revenue $644.959M Up From $565.989M Est.
Portfolio Pulse from Benzinga Newsdesk
AMCON's Q1 2024 earnings per share (EPS) were $1.78, a decrease from $4.46 year-over-year (YoY). However, their revenue increased to $644.959 million from $565.989 million, surpassing estimates.
January 18, 2024 | 9:17 pm
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NEUTRAL IMPACT
AMCON, trading as DIT, reported a significant drop in EPS to $1.78 from $4.46 YoY in Q1 2024, but revenue increased to $644.959M, exceeding expectations.
The drop in EPS is a negative signal for profitability, which could concern investors and potentially lead to a short-term negative impact on the stock price. However, the increase in revenue is a positive sign, indicating growth, which could offset some of the negative sentiment. The mixed results lead to a neutral score, as the market may need time to digest both aspects of the report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100