FirstSun Q2 2024 Adj. EPS $0.90 Vs $1.11 YoY
Portfolio Pulse from Benzinga Newsdesk
FirstSun reported its Q2 2024 adjusted earnings per share (EPS) at $0.90, a decrease from $1.11 year-over-year.
July 29, 2024 | 8:02 pm
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FirstSun's Q2 2024 adjusted EPS came in at $0.90, down from $1.11 in the same quarter last year. This decline in earnings could indicate potential challenges the company is facing.
The decrease in adjusted EPS from $1.11 to $0.90 suggests that FirstSun is experiencing a decline in profitability. This could be due to various factors such as increased costs, lower revenues, or other operational challenges. Investors might react negatively to this news, leading to a potential short-term decline in the stock price.
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