KFS Stock Falls Following Q3 Earnings Decline, Revenues Up Y/Y
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Kingsway Financial's Q3 fiscal 2024 results showed a decline in earnings despite an increase in year-over-year revenues. The company's performance was supported by strength in both of its business segments.
November 08, 2024 | 6:45 pm
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Kingsway Financial's Q3 fiscal 2024 results showed a decline in earnings despite an increase in year-over-year revenues. The company's performance was supported by strength in both of its business segments.
The decline in earnings is likely to negatively impact the stock price in the short term, despite the positive year-over-year revenue growth. Investors may be concerned about the earnings decline overshadowing the revenue increase.
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