Golden Matrix Group Q2 EPS $0.00 Down From $0.04 YoY; Sales $39.42M Up From $22.58M YoY
Portfolio Pulse from Benzinga Newsdesk
Golden Matrix Group reported Q2 earnings per share (EPS) of $0.00, down from $0.04 year-over-year (YoY). However, sales increased to $39.42 million from $22.58 million YoY.
August 13, 2024 | 12:17 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Golden Matrix Group's Q2 EPS fell to $0.00 from $0.04 YoY, indicating a decline in profitability. However, sales increased significantly to $39.42 million from $22.58 million YoY, showing strong revenue growth.
The decline in EPS suggests a decrease in profitability, which could negatively impact investor sentiment. However, the significant increase in sales indicates strong revenue growth, which could offset some of the negative sentiment. Overall, the mixed results are likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100