IRSA Inversiones y Q3 EPS $(0.59) Down From $0.92 YoY, Sales $134.53M Up From $120.06M YoY
Portfolio Pulse from Benzinga Newsdesk
IRSA Inversiones y (NYSE:IRS) reported a significant decrease in its quarterly earnings per share (EPS) from $0.92 last year to $(0.59) this year, marking a 164.13% decrease. However, the company's sales increased by 12.06% from $120.06 million to $134.53 million YoY.
May 08, 2024 | 7:07 am
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IRSA Inversiones y reported a significant decrease in EPS to $(0.59) from $0.92 YoY, but sales increased to $134.53M from $120.06M.
The significant decrease in EPS indicates a substantial decline in profitability, which is likely to negatively impact investor sentiment and the stock price in the short term. However, the increase in sales might offset some of the negative impact, suggesting a mixed but predominantly negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100