Oxford Lane Capital Q1 Adj $0.41 Down From $0.43 YoY, Sales $89.80M Up From $70.50M YoY
Portfolio Pulse from Benzinga Newsdesk
Oxford Lane Capital (NASDAQ:OXLC) reported Q1 earnings of $0.41 per share, a 4.65% decrease from $0.43 per share YoY. Sales increased by 27.38% to $89.80 million from $70.50 million YoY.
July 26, 2024 | 12:09 pm
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Oxford Lane Capital reported mixed Q1 results with a 4.65% decrease in earnings per share to $0.41, but a significant 27.38% increase in sales to $89.80 million.
The decrease in earnings per share may concern investors, but the significant increase in sales could offset some of the negative sentiment. Overall, the mixed results are likely to lead to a neutral short-term impact on the stock price.
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