QXO Q2 EPS $(9.93) Down From $0.52 YoY, Sales $14.54M Up From $13.26M YoY
Portfolio Pulse from Benzinga Newsdesk
QXO (NASDAQ:QXO) reported a significant decline in Q2 EPS to $(9.93) from $0.52 YoY, despite a 9.68% increase in sales to $14.54M from $13.26M YoY.
August 14, 2024 | 12:34 pm
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QXO reported a drastic decline in Q2 EPS to $(9.93) from $0.52 YoY, a 2009.62% decrease, despite a 9.68% increase in sales to $14.54M from $13.26M YoY.
The significant decline in EPS, despite an increase in sales, indicates potential underlying issues affecting profitability. This is likely to negatively impact investor sentiment and the stock price in the short term.
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