Noah Holdings Q2 2024 Adj. EPS $0.21, Sales $84.744M Down From $129.873M YoY
Portfolio Pulse from Benzinga Newsdesk
Noah Holdings reported a significant year-over-year decline in sales for Q2 2024, with a 34.75% drop to $84.744 million. The company's adjusted earnings per share stood at $0.21.
August 28, 2024 | 8:50 pm
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Noah Holdings reported a 34.75% decrease in sales for Q2 2024 compared to the same period last year, with sales at $84.744 million and an EPS of $0.21.
The significant year-over-year decline in sales by 34.75% is likely to put downward pressure on Noah Holdings' stock price in the short term. The EPS of $0.21, while positive, may not offset investor concerns about the revenue drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100