Ryde Group H1 EPS $(0.60); Revenue $3.2M, Down From $3.9M Last Year
Portfolio Pulse from Benzinga Newsdesk
Ryde Group reported a half-year EPS of $(0.60) and revenue of $3.2 million, a decrease from $3.9 million last year.
October 23, 2024 | 10:19 am
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NEGATIVE IMPACT
Ryde Group's half-year financial results show a decline in revenue to $3.2 million from $3.9 million last year, with an EPS of $(0.60). This indicates potential financial challenges.
The decrease in revenue and negative EPS suggest financial difficulties, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100