Pyxis Tankers Q1 GAAP EPS $0.30 Down From $0.71 YoY, Sales $11.80M Up From $11.62M YoY
Portfolio Pulse from Benzinga Newsdesk
Pyxis Tankers (NASDAQ:PXS) reported Q1 earnings of $0.30 per share, a 57.75% decrease from $0.71 per share YoY. Sales increased by 1.63% to $11.80 million from $11.62 million YoY.
May 21, 2024 | 12:04 pm
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NEGATIVE IMPACT
Pyxis Tankers reported a significant drop in Q1 earnings per share (EPS) by 57.75% YoY, despite a slight increase in sales by 1.63%.
The significant drop in EPS indicates a decrease in profitability, which is likely to negatively impact investor sentiment and the stock price in the short term, despite the slight increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100