Pure Cycle Corp Down 0.99% To $10.99 After Earnings

Pure Cycle Corp (PCYO) said after close Wednesday that it earned $0.14 per share in quarter three 2023. The company reported $6.9 million in revenue

In the same quarter a year ago, the company earned $0.03 per share on revenue of $3.2 million.

The stock is down 0.99% to $10.99 after the report.

Pure Cycle Corp's earnings expanded faster than revenues, signaling widening profit margins.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 50.

Pure Cycle Corp is a diversified land and water resource development company. It designs, constructs, manages, operates and maintains water and wastewater systems. The firm operates in two business segments namely Water and wastewater resource development and Land development. It generates maximum revenue from the Water and wastewater resource development segment. The company services include water production, storage, treatment, bulk transmission to retail distribution systems, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing, and collection.