Noah Holdings Q4 Adj EPS $0.47 Up From $0.31 YoY, Sales $112.61M Down From $127.89M YoY
Portfolio Pulse from mahesh@benzinga.com
Noah Holdings (NYSE:NOAH) reported a Q4 adjusted EPS of $0.47, up 51.61% from $0.31 YoY, but sales decreased 11.95% to $112.61M from $127.89M YoY.
March 26, 2024 | 9:10 pm
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Noah Holdings reported a significant increase in Q4 adjusted EPS by 51.61% YoY, but a decrease in sales by 11.95% YoY.
The significant increase in EPS indicates improved profitability, which could positively influence investor sentiment. However, the decrease in sales suggests potential challenges in revenue generation, which could temper the positive impact on the stock price. The mixed results lead to a neutral short-term price direction expectation.
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IMPORTANCE 90
RELEVANCE 100