Oxford Lane Capital Q2 Adj $0.32 Down From $0.41 YoY, Sales $105.10M Up From $74.40M YoY
Portfolio Pulse from Benzinga Newsdesk
Oxford Lane Capital reported a decrease in quarterly earnings per share from $0.41 to $0.32, a 21.95% drop year-over-year. However, sales increased by 41.26% from $74.40 million to $105.10 million.
November 01, 2024 | 12:06 pm
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Oxford Lane Capital's Q2 earnings per share decreased by 21.95% to $0.32, while sales increased by 41.26% to $105.10 million.
The decrease in earnings per share suggests potential profitability issues, which could negatively impact investor sentiment. However, the significant increase in sales indicates strong revenue growth, which may offset concerns about earnings. Overall, the mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100