Kingsway Financial Servs Q2 Gaap EPS $(0.09) Down From $(0.06) YoY, Sales $26.45M Up From $26.20M YoY
Portfolio Pulse from Benzinga Newsdesk
Kingsway Financial Services (NYSE:KFS) reported a Q2 GAAP EPS of $(0.09), a 50% decrease from $(0.06) YoY. Sales increased by 0.95% to $26.45M from $26.20M YoY.
August 06, 2024 | 9:38 pm
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Kingsway Financial Services reported a Q2 GAAP EPS of $(0.09), a 50% decrease from $(0.06) YoY. Sales increased by 0.95% to $26.45M from $26.20M YoY.
The significant decrease in EPS indicates worsening profitability, which is likely to negatively impact the stock price in the short term. The slight increase in sales is not enough to offset the negative sentiment from the earnings decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100