Gencor Industries Q3 EPS $0.17 Down From $0.22 YoY, Sales $255.55M Up From $27.88M YoY
Portfolio Pulse from Benzinga Newsdesk
Gencor Industries (NASDAQ:GENC) reported Q3 earnings per share (EPS) of $0.17, a 22.73% decrease from $0.22 YoY. However, sales surged by 816.71% to $255.55 million from $27.88 million YoY.
August 09, 2024 | 8:06 pm
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Gencor Industries reported a mixed Q3 with EPS down 22.73% YoY to $0.17, but sales up 816.71% to $255.55 million. The significant increase in sales may offset concerns about the EPS decline.
The decrease in EPS might concern investors, but the substantial increase in sales could be seen as a positive sign of growth. The mixed results may lead to a neutral short-term impact on the stock price.
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