Sumitomo Q1 EPS $0.25 Down From $0.98 YoY, Sales $12.232B Miss $12.630B Estimate
Sumitomo (OTC:SSUMY) reported quarterly earnings of $0.25 per share. This is a 74.49 percent decrease over earnings of $0.98 per share from the same period last year. The company reported quarterly sales of $12.232
Sumitomo made much less money this quarter than last year—earnings dropped by about 75%—and sold less stuff than people expected. When a company's profits fall this sharply, it's a signal to watch what's happening in their business and why things got tougher.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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