Oil-Dri Corp of America Q3 Adj $1.07 Down From $1.94 YoY, Sales $106.78M Up From $105.42M YoY
Portfolio Pulse from Benzinga Newsdesk
Oil-Dri Corp of America (NYSE:ODC) reported a significant decrease in quarterly earnings per share (EPS) to $1.07, down 44.85% from $1.94 YoY, despite a slight increase in sales to $106.78 million, up 1.28% YoY.
June 06, 2024 | 8:19 pm
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NEGATIVE IMPACT
Oil-Dri Corp of America reported a significant drop in quarterly earnings per share to $1.07, a 44.85% decrease from the previous year, despite a slight increase in sales. This could negatively impact investor sentiment and the stock price in the short term.
The significant drop in earnings per share, despite a slight increase in sales, indicates potential issues with profitability or increased costs. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100