DXP Enterprises Sees Q1 2024 Adj. EPS $0.74 Down From $0.95 YoY; Revenue $412.6M Down From $424.3M YoY
Portfolio Pulse from Benzinga Newsdesk
DXP Enterprises reported a decrease in its Q1 2024 adjusted EPS to $0.74 from $0.95 year-over-year, and a revenue decline to $412.6M from $424.3M in the same period.
May 08, 2024 | 10:02 pm
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NEGATIVE IMPACT
DXP Enterprises reported a year-over-year decrease in Q1 2024 adjusted EPS and revenue, indicating a potential short-term negative impact on its stock price.
The reported decrease in both adjusted EPS and revenue for Q1 2024 compared to the previous year suggests a negative performance trend, which could lead to a decrease in investor confidence and a potential short-term negative impact on DXPE's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100