Mexco Energy Q3 EPS $0.16 Down From $0.56 YoY, Sales $1.66M Down From $2.58M YoY
Portfolio Pulse from Benzinga Newsdesk
Mexco Energy (AMEX:MXC) reported a significant decrease in both earnings per share and sales for Q3, with EPS down 71.43% to $0.16 from $0.56 YoY, and sales down 35.84% to $1.66M from $2.58M YoY.
February 09, 2024 | 11:23 am
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Mexco Energy reported a significant decrease in Q3 earnings and sales, with EPS down 71.43% and sales down 35.84% YoY.
The substantial decrease in both earnings per share and sales for Mexco Energy in Q3 compared to the same period last year is likely to negatively impact investor sentiment and the stock price in the short term. Such a significant drop in key financial metrics often leads to a decrease in stock price as it reflects a downturn in the company's financial health and operational performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100