National Grid Transco FY24 Adj. EPS £0.84 Up From £0.638 YoY; Revenue £19.850M Down From £21.69M YoY
Portfolio Pulse from Benzinga Newsdesk
National Grid Transco reported a significant increase in its FY24 adjusted EPS to £0.84 from £0.638 YoY, despite a decrease in revenue to £19.850M from £21.69M YoY.
May 23, 2024 | 1:27 pm
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National Grid Transco's FY24 adjusted EPS increased to £0.84 from £0.638 YoY, indicating improved profitability. However, revenue decreased to £19.850M from £21.69M YoY.
The increase in adjusted EPS suggests improved profitability, which is a positive indicator for investors. However, the decrease in revenue may raise some concerns. Overall, the positive EPS growth is likely to have a more significant impact on the stock price in the short term.
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