Psychemedics Q1 EPS $(0.12) Down From $(0.07) YoY, Sales $5.36M Down From $5.86M YoY
Portfolio Pulse from Benzinga Newsdesk
Psychemedics (NASDAQ:PMD) reported a decrease in both EPS and sales YoY, with Q1 EPS at $(0.12), down from $(0.07), and sales at $5.36M, down from $5.86M.
May 14, 2024 | 9:08 pm
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NEGATIVE IMPACT
Psychemedics reported a significant decrease in both earnings per share and sales compared to the same period last year, indicating a downturn in its financial performance.
The reported decrease in both earnings per share (EPS) and sales year-over-year (YoY) for Psychemedics is a clear indicator of the company's declining financial health. A 71.43% decrease in EPS and an 8.57% decrease in sales are significant metrics that investors consider when assessing a company's performance. Such negative trends are likely to lead to a decrease in investor confidence and could result in a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100