XBP Europe Holdings Q2 EPS $(0.16) Down From $(0.03) YoY, Sales $36.03M Down From $42.29M YoY
Portfolio Pulse from Benzinga Newsdesk
XBP Europe Holdings (NASDAQ:XBP) reported a significant decline in its Q2 financial performance. The company posted a loss of $(0.16) per share, a 433.33% decrease from the $(0.03) loss per share in the same period last year. Sales also fell by 14.81% to $36.03 million from $42.29 million year-over-year.
August 12, 2024 | 1:16 pm
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NEGATIVE IMPACT
XBP Europe Holdings reported a significant decline in Q2 earnings and sales. The EPS dropped to $(0.16) from $(0.03) YoY, and sales decreased by 14.81% to $36.03 million.
The significant decline in both EPS and sales indicates a deteriorating financial performance, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100