Rave Restaurant Gr Q3 EPS $0.04 Up From $0.02 YoY, Sales $3.00M Up From $2.97M YoY
Portfolio Pulse from Benzinga Newsdesk
Rave Restaurant Group reported a Q3 EPS of $0.04, a 100% increase from $0.02 YoY, with sales rising 1.01% to $3.00M from $2.97M YoY.
May 02, 2024 | 1:08 pm
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POSITIVE IMPACT
Rave Restaurant Group's Q3 earnings per share doubled YoY to $0.04, and sales increased slightly to $3.00M.
The significant increase in earnings per share (EPS) and the slight increase in sales indicate a strong financial performance for Rave Restaurant Group. This positive earnings report is likely to instill investor confidence and could lead to a short-term increase in the stock price, given the better-than-expected growth in both earnings and sales.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100