A-Mark Precious Metals Q2 EPS $0.57 Misses $0.79 Estimate, Sales $2.08B Miss $2.24B Estimate
Portfolio Pulse from mahesh@benzinga.com
A-Mark Precious Metals (NASDAQ:AMRK) reported Q2 earnings of $0.57 per share, missing the $0.79 estimate, a 57.78% decrease from last year. Sales were $2.08B, missing the $2.24B estimate but marking a 6.63% increase from the previous year.
February 06, 2024 | 9:31 pm
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NEGATIVE IMPACT
A-Mark Precious Metals reported lower than expected Q2 earnings and sales, missing estimates and showing a significant decrease in earnings per share compared to last year.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a substantial decrease in earnings per share year-over-year, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100