Five Point Holdings Q2 EPS $0.21 Down From $0.34 YoY, Sales $51.19M Up From $21.35M YoY
Portfolio Pulse from Benzinga Newsdesk
Five Point Holdings (NYSE:FPH) reported Q2 earnings per share (EPS) of $0.21, a 38.24% decrease from $0.34 YoY. However, sales increased by 139.79% to $51.19 million from $21.35 million YoY.
July 18, 2024 | 8:41 pm
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Five Point Holdings reported mixed Q2 results with a significant decrease in EPS but a substantial increase in sales. The EPS dropped by 38.24% to $0.21, while sales surged by 139.79% to $51.19 million.
The significant decrease in EPS is a negative indicator, but the substantial increase in sales is a positive sign. These mixed results may lead to neutral short-term price movement as investors weigh the pros and cons.
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