CORRECTION: Alithya Group Q3 Adj. EPS $0.03 Up From $(0.04) YoY, Sales $88.53M Down From $97.37M YoY
Portfolio Pulse from Benzinga Newsdesk
Alithya Group (ALYA) reported a Q3 adjusted EPS of $0.03, up from a loss of $(0.04) YoY. However, sales decreased by 9.07% to $88.53M from $97.37M YoY.
February 14, 2024 | 12:39 pm
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POSITIVE IMPACT
Alithya Group reported a significant improvement in its Q3 earnings with an adjusted EPS of $0.03, contrasting last year's loss, but experienced a decrease in sales.
The improvement in EPS from a loss to a gain indicates a positive financial turnaround for Alithya Group, which could lead to increased investor confidence and potentially a rise in stock price. However, the decrease in sales might temper some of the positive sentiment, suggesting a mixed short-term impact. The score reflects the net positive effect of the earnings report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100