Dorchester Minerals Q1 EPS $0.44 Down From $0.71 YoY, Sales $30.98M Down From $40.17M YoY
Portfolio Pulse from Benzinga Newsdesk
Dorchester Minerals (NASDAQ:DMLP) reported a decrease in Q1 earnings to $0.44 per share, down 38.03% from $0.71 YoY. Sales also fell 22.87% to $30.98M from $40.17M YoY.
May 02, 2024 | 9:14 pm
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NEGATIVE IMPACT
Dorchester Minerals reported a significant decrease in both earnings per share and sales in Q1 compared to last year.
The reported decrease in earnings per share and sales for Dorchester Minerals is significant and likely to negatively impact investor sentiment in the short term. A 38.03% decrease in earnings per share and a 22.87% decrease in sales year-over-year are substantial negative financial indicators that can lead to a decrease in stock price as investors react to the company's reduced profitability and revenue.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100