Endeavour Mining Q2 Adj. EPS $0.01 Down From $0.22 YoY, Revenue $557M Up From $524M YoY
Portfolio Pulse from Benzinga Newsdesk
Endeavour Mining reported its Q2 financial results with adjusted EPS of $0.01, down from $0.22 year-over-year, while revenue increased to $557 million from $524 million year-over-year.
July 31, 2024 | 6:14 am
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NEGATIVE IMPACT
Endeavour Mining's Q2 adjusted EPS fell significantly to $0.01 from $0.22 YoY, indicating a decrease in profitability. However, revenue increased to $557 million from $524 million YoY, showing growth in sales.
The significant drop in adjusted EPS suggests a decrease in profitability, which is likely to negatively impact the stock price in the short term. However, the increase in revenue indicates growth in sales, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100