Empire Petroleum Q1 Adj EPS $(0.15) Down From $(0.08) YoY, Sales $9.39M Down From $10.05M YoY
Portfolio Pulse from Benzinga Newsdesk
Empire Petroleum (AMEX:EP) reported a significant decline in its Q1 financial performance. The company posted an adjusted EPS of $(0.15), down 87.5% from $(0.08) YoY, and sales of $9.39M, down 6.61% from $10.05M YoY.
May 15, 2024 | 9:00 pm
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Empire Petroleum reported a significant decline in Q1 financial performance with an adjusted EPS of $(0.15), down 87.5% YoY, and sales of $9.39M, down 6.61% YoY.
The significant decline in both EPS and sales indicates a deteriorating financial performance, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100