Atlantic American Q1 EPS $(0.10) Down From $(0.08) YoY, Sales $47.00M Up From $46.27M YoY
Portfolio Pulse from Benzinga Newsdesk
Atlantic American (NASDAQ:AAME) reported a Q1 EPS of $(0.10), a 25% decrease from $(0.08) YoY. Sales increased by 1.57% to $47.00M from $46.27M YoY.
May 14, 2024 | 2:52 pm
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NEUTRAL IMPACT
Atlantic American reported a decrease in EPS and a slight increase in sales for Q1. EPS fell by 25% YoY, while sales grew by 1.57% YoY.
The decrease in EPS indicates a decline in profitability, which could negatively impact investor sentiment. However, the increase in sales, albeit slight, suggests some level of operational growth. The mixed results present a neutral outlook, as the negative impact of reduced profitability may be somewhat offset by the positive sales growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100