Rafael Holdings Sees Q3 2024 EPS $(1.36) Down From $(0.06) YoY; Revenue $336K Up From $71K YoY
Portfolio Pulse from Benzinga Newsdesk
Rafael Holdings (RFL) reported a Q3 2024 EPS of $(1.36), a significant decline from $(0.06) year-over-year. However, revenue increased to $336K from $71K YoY.
June 14, 2024 | 8:06 pm
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Rafael Holdings (RFL) reported a significant decline in Q3 2024 EPS to $(1.36) from $(0.06) YoY, despite an increase in revenue to $336K from $71K YoY.
The significant decline in EPS indicates worsening profitability, which is likely to negatively impact the stock price in the short term. The increase in revenue is a positive sign but may not be enough to offset the negative sentiment from the EPS drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100