Barnwell Industries Q1 EPS $(0.07) Down From $0.11 YoY, Sales $6.16M Down From $7.51M YoY
Portfolio Pulse from Benzinga Newsdesk
Barnwell Industries (AMEX:BRN) reported a Q1 EPS of $(0.07), a significant decrease from $0.11 YoY. Sales also fell to $6.16M from $7.51M YoY, marking an 18.05% decline.
February 12, 2024 | 11:05 am
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Barnwell Industries reported a significant decrease in both EPS and sales in Q1, with EPS at $(0.07) down from $0.11 YoY and sales at $6.16M down from $7.51M YoY.
The reported decrease in both EPS and sales for Barnwell Industries is significant, indicating a potential negative impact on the company's stock price in the short term. The sharp decline in earnings per share, alongside a notable drop in sales, could lead to decreased investor confidence and a possible decrease in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100