Genie Energy Q2 Adj $0.37 Down From $0.45 YoY, Sales $90.70M Down From $93.46M YoY
Portfolio Pulse from Benzinga Newsdesk
Genie Energy (NYSE:GNE) reported a decrease in both earnings and sales for Q2. Earnings per share dropped by 17.78% to $0.37, and sales fell by 2.96% to $90.70 million compared to the same period last year.
August 06, 2024 | 11:33 am
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Genie Energy reported a 17.78% decrease in Q2 earnings per share to $0.37 and a 2.96% decrease in sales to $90.70 million compared to the same period last year.
The decrease in both earnings per share and sales indicates a weaker financial performance compared to the same period last year, which is likely to negatively impact the stock price in the short term.
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