Associated Cap Gr Q1 EPS $0.64 Down From $0.81 YoY, Sales $3.01M Up From $2.46M YoY
Portfolio Pulse from Benzinga Newsdesk
Associated Cap Gr (NYSE:AC) reported a decrease in Q1 EPS to $0.64 from $0.81 YoY, despite a 22.15% increase in sales to $3.01M from $2.46M YoY.
May 09, 2024 | 10:18 pm
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Associated Cap Gr reported a 20.99% decrease in EPS to $0.64 from $0.81 YoY, with sales increasing 22.15% to $3.01M from $2.46M YoY.
The decrease in EPS could negatively impact investor sentiment, potentially leading to a short-term decrease in stock price. However, the significant increase in sales indicates strong revenue growth, which could offset the negative impact of the decreased EPS. The mixed results present a neutral short-term outlook for AC's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100