Castor Maritime Q4 EPS $0.11 Down From $0.36 YoY, Sales $26.40M Down From $31.30M YoY
Portfolio Pulse from Benzinga Newsdesk
Castor Maritime (NASDAQ:CTRM) reported a significant decrease in both earnings per share and sales for Q4, with EPS down 69.44% to $0.11 from $0.36 YoY, and sales down 15.65% to $26.40M from $31.30M YoY.
February 08, 2024 | 2:12 pm
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Castor Maritime's Q4 earnings report shows a significant decrease in EPS and sales, indicating potential challenges ahead.
The substantial decrease in both earnings per share and sales for Castor Maritime in Q4 compared to the same period last year suggests the company is facing significant challenges. This negative performance is likely to impact investor sentiment and could lead to a decrease in the stock price in the short term.
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