Seaboard Q3 EPS $(153.44) Down From $108.55 YoY, Sales $2.22B Down From $2.39B YoY
Portfolio Pulse from Benzinga Newsdesk
Seaboard (AMEX:SEB) reported a significant decline in Q3 earnings, with a loss of $(153.44) per share compared to a profit of $108.55 per share last year. Sales also decreased by 7.12% to $2.22 billion.
October 29, 2024 | 8:50 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Seaboard's Q3 results show a drastic decline in earnings, with a loss of $(153.44) per share, down from a profit of $108.55 per share last year. Sales also fell by 7.12% to $2.22 billion.
The significant drop in earnings per share from a profit to a loss, along with a decrease in sales, indicates a negative financial performance for Seaboard. This is likely to impact the stock price negatively in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100