CORRECTION: Magic Empire Global H1 EPS $0.004 Down From $0.005 YoY, Sales $988.64K Up From $776.06K YoY
Portfolio Pulse from Benzinga Newsdesk
Magic Empire Global (NASDAQ:MEGL) reported a decrease in earnings per share from $0.01 to $0.00, while sales increased by 27.39% year-over-year to $988.64K.
October 30, 2024 | 9:33 pm
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NEGATIVE IMPACT
Magic Empire Global's earnings per share decreased by 20% to $0.00, while sales increased by 27.39% to $988.64K year-over-year.
The decrease in earnings per share from $0.01 to $0.00 is a negative indicator for investors, suggesting reduced profitability. However, the significant increase in sales by 27.39% indicates growth in revenue. The overall impact is negative due to the drop in EPS, which is a key metric for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100