Artesian Resources Q1 EPS $0.43, Inline, Sales $24.54M Beat $24.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Artesian Resources (NASDAQ:ARTNA) reported Q1 earnings of $0.43 per share, meeting analyst estimates, and sales of $24.54M, exceeding the $24.00M forecast. This represents a 10.26% increase in earnings and a 9.11% increase in sales over the same period last year.
May 06, 2024 | 8:58 pm
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Artesian Resources reported a solid Q1 with earnings per share of $0.43, in line with estimates, and sales of $24.54M, surpassing expectations. Year-over-year, earnings and sales saw increases of 10.26% and 9.11%, respectively.
The positive earnings report, with both earnings per share and sales exceeding expectations, indicates a strong financial performance by Artesian Resources. The year-over-year growth in earnings and sales further strengthens the company's financial position, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100