Caravelle International Group FY23 EPS $(0.18) Down From $0.24 YoY; Revenue ~$95.3M Down From ~$185.3M YoY
Portfolio Pulse from Benzinga Newsdesk
Caravelle International Group reported a significant decline in its financial performance for FY23, with an EPS of $(0.18), down from $0.24 the previous year, and revenue of approximately $95.3 million, down from $185.3 million year-over-year.
September 09, 2024 | 1:42 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Caravelle International Group's FY23 financial results show a significant decline in both EPS and revenue compared to the previous year, indicating potential challenges in the company's operations or market conditions.
The reported decline in EPS from $0.24 to $(0.18) and revenue from $185.3M to $95.3M suggests significant operational or market challenges for Caravelle International Group. This negative financial performance is likely to impact investor sentiment and the stock price negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100