ORIX Q1 EPS $2.42 Up From $1.89 YoY, Sales $4.54B Down From $4.79B YoY
Portfolio Pulse from Benzinga Newsdesk
ORIX (NYSE:IX) reported Q1 earnings per share (EPS) of $2.42, a 28.04% increase from $1.89 YoY. However, sales decreased by 5.23% to $4.54 billion from $4.79 billion YoY.
August 05, 2024 | 10:43 am
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NEUTRAL IMPACT
ORIX reported a significant increase in EPS by 28.04% to $2.42, but experienced a decline in sales by 5.23% to $4.54 billion YoY.
The increase in EPS is a positive indicator of profitability, but the decline in sales may raise concerns about revenue growth. The mixed results could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100