Seneca Foods Cp A Down 3.98% To $46.36 After Earnings

Wednesday, June 14, 2023 - Seneca Foods Cp A (SENEA) reported downside earnings and upside revenues.

Seneca Foods Cp A's earnings came in at an EPS loss of $1.2 per share. The firm's earnings are down 256% since reporting $0.77 per share in the same period a year ago.

Revenues were upbeat at $331.1 million. That revenue figure represents a 0.40% decrease from the year ago quarter.

The stock is down 3.98% to $46.36 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

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

Prior to the report, InvestorsObserver gave the stock an overall score of 17.

Seneca Foods Corp is a us-based company which acts as a provider of packaged fruits and vegetables. Its product offerings include canned, frozen and bottled produce and snack chips. It generates maximum revenue from Canned vegetables followed by Frozen vegetables.