Cumberland Q1 Adj $(0.05) Down From $0.11 YoY, Sales $8.50M Down From $9.22M YoY
Portfolio Pulse from Benzinga Newsdesk
Cumberland (CPIX) reported a Q1 adjusted loss of $(0.05) per share, a significant decrease from the $0.11 per share profit reported in the same period last year. Sales also decreased by 7.88% to $8.50 million from $9.22 million year-over-year.
May 07, 2024 | 9:12 pm
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Cumberland reported a significant decrease in earnings and sales in Q1, with a loss of $(0.05) per share and sales dropping to $8.50 million.
The reported loss and decrease in sales for Cumberland (CPIX) indicate a negative performance compared to the previous year. This is likely to negatively impact investor sentiment and the stock price in the short term, as earnings and sales growth are critical factors for stock valuation.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100