Kewaunee Scientific Q3 EPS $0.85 Up From $0.25 YoY, Sales $46.78M Down From $60.82M YoY
Portfolio Pulse from Benzinga Newsdesk
Kewaunee Scientific (NASDAQ:KEQU) reported a significant increase in Q3 EPS to $0.85, up from $0.25 YoY, despite a 23.09% decrease in sales to $46.78M from $60.82M YoY.
March 06, 2024 | 9:30 pm
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Kewaunee Scientific reported a substantial increase in Q3 EPS to $0.85 from $0.25 YoY, despite a sales decrease to $46.78M from $60.82M YoY.
The significant increase in EPS indicates a strong profit margin improvement for Kewaunee Scientific, which is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the decrease in sales might raise concerns about long-term growth, but the immediate impact of the EPS growth is expected to be more influential on the stock price.
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RELEVANCE 100