C3is Reports Q1 2024 EPS $1.11 Down From $10.06 YoY; Revenue $12.792M Up From $3.151M YoY
Portfolio Pulse from Benzinga Newsdesk
C3is reported Q1 2024 earnings per share (EPS) of $1.11, a significant decrease from $10.06 year-over-year (YoY). However, the company's revenue increased to $12.792 million from $3.151 million YoY.
May 28, 2024 | 1:22 pm
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C3is reported a significant drop in Q1 2024 EPS to $1.11 from $10.06 YoY, but saw a substantial increase in revenue to $12.792 million from $3.151 million YoY.
The significant drop in EPS is a negative indicator, but the substantial increase in revenue is a positive sign. These mixed results may lead to neutral short-term price movement as investors weigh the contrasting metrics.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100