Jewett-Cameron Q2 2024 EPS $(0.15) Up From $(0.28) YoY; Revenue $8.23M Up From $8.14M YoY
Portfolio Pulse from Benzinga Newsdesk
Jewett-Cameron reported its Q2 2024 earnings with an EPS of $(0.15), an improvement from $(0.28) year-over-year. Revenue increased slightly to $8.23M from $8.14M in the same period last year.
April 15, 2024 | 8:32 pm
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POSITIVE IMPACT
Jewett-Cameron's Q2 2024 earnings report shows a positive trend with an improved EPS and a slight increase in revenue year-over-year.
The improvement in EPS from $(0.28) to $(0.15) indicates a significant reduction in losses year-over-year, which is a positive signal for investors. The slight increase in revenue from $8.14M to $8.23M, although modest, further supports the view of a stabilizing and potentially growing business. These factors combined suggest a positive short-term impact on Jewett-Cameron's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100