Educational Development Corporation Reports Q Earnings Miss
1 report, 1 independent
Updated Wed 00:00
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What happened
Educational Development Corporation released its earnings results, reporting $0.19 earnings per share for the quarter, which was below the consensus estimate of $0.41. The firm generated $4.07 million in revenue, significantly missing analyst estimates of $53.10 million. Separately, Weiss Ratings raised Educational Development Corporation's rating from a 'sell (d)' to a 'hold (c-)' rating.
From dailypolitical.com
Why it matters
The company reported a negative return on equity of 18.23% and a net margin of 9.75%, indicating financial pressure. Despite the revenue miss, the stock's average rating is currently 'Hold' based on market data.
From dailypolitical.com
Who's involved
- OklahomaThe state where Educational Development Corporation is headquartered
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The entities involved
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Oklahoma
state of the United States of America