FingerMotion Q4 EPS $(0.01) Up From $(0.04) YoY, Sales $8.20M Down From $12.81M YoY
Portfolio Pulse from Benzinga Newsdesk
FingerMotion (NASDAQ:FNGR) reported Q4 EPS of $(0.01), a 75% improvement from $(0.04) YoY, but sales decreased by 35.98% to $8.20M from $12.81M YoY.
May 30, 2024 | 1:19 pm
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NEUTRAL IMPACT
FingerMotion reported a significant improvement in EPS, reducing losses to $(0.01) from $(0.04) YoY. However, the company saw a substantial decline in sales, down 35.98% to $8.20M from $12.81M YoY.
The improvement in EPS is a positive sign, indicating better cost management or operational efficiency. However, the significant drop in sales is concerning and could indicate underlying issues in revenue generation. The mixed results are likely to result in a neutral short-term impact on the stock price as investors weigh the improved EPS against the declining sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100