OLB Gr Q2 EPS $(1.49) Down From $(0.41) YoY, Sales $3.52M Down From $8.34M YoY
Portfolio Pulse from Benzinga Newsdesk
OLB Group (NASDAQ:OLB) reported a significant decline in its Q2 financial performance. The company posted a loss of $(1.49) per share, a 263.41% increase in losses compared to $(0.41) per share in the same period last year. Sales also dropped by 57.80% to $3.52 million from $8.34 million year-over-year.
August 15, 2024 | 1:41 pm
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OLB Group reported a significant decline in Q2 earnings and sales. The company posted a loss of $(1.49) per share, a 263.41% increase in losses compared to the same period last year. Sales also dropped by 57.80% to $3.52 million.
The significant increase in losses and the sharp decline in sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100