Bright Scholar Education Q3 Adj $0.24 Up From $(0.16) YoY, Sales $76.50M Down From $82.48M YoY
Portfolio Pulse from Benzinga Newsdesk
Bright Scholar Education (NYSE:BEDU) reported Q3 earnings of $0.24 per share, a significant improvement from a loss of $(0.16) per share YoY. However, sales decreased by 7.25% to $76.50 million from $82.48 million YoY.
August 02, 2024 | 10:11 am
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Bright Scholar Education (NYSE:BEDU) reported a significant improvement in Q3 earnings to $0.24 per share from a loss of $(0.16) per share YoY. However, sales decreased by 7.25% to $76.50 million from $82.48 million YoY.
The significant improvement in earnings per share (EPS) is a positive indicator for investors, likely boosting short-term stock prices. However, the decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100