Transcontinental Realty Q2 EPS $0.17 Up From $0.06 YoY, Sales $11.77M Down From $12.24M YoY
Portfolio Pulse from Benzinga Newsdesk
Transcontinental Realty (NYSE:TCI) reported Q2 earnings per share (EPS) of $0.17, a 183.33% increase from $0.06 YoY. However, sales decreased by 3.81% to $11.77 million from $12.24 million YoY.
August 08, 2024 | 4:14 pm
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Transcontinental Realty (NYSE:TCI) reported a significant increase in Q2 EPS to $0.17, up 183.33% YoY, but experienced a 3.81% decline in sales to $11.77 million.
The significant increase in EPS is a positive indicator of profitability, which is likely to boost investor confidence and positively impact the stock price in the short term. However, the decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100