Freedom Holding Reports Q1 EPS Of $0.57 Lower Than $1.15 YoY; Exits Quarter With Cash & Equivalents Worth $719M
Portfolio Pulse from Benzinga Newsdesk
Freedom Holding Corp. (FRHC) reported Q1 earnings per share (EPS) of $0.57, which is significantly lower than the $1.15 reported in the same quarter last year. The company ended the quarter with cash and equivalents worth $719 million.
August 09, 2024 | 11:34 am
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Freedom Holding Corp. (FRHC) reported Q1 EPS of $0.57, a significant decrease from $1.15 YoY. The company has $719M in cash and equivalents.
The significant drop in EPS from $1.15 to $0.57 is likely to negatively impact investor sentiment and the stock price in the short term, despite the strong cash position.
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