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PhenixFIN (NASDAQ:PFX) Second Quarter 2024 Results

Overview of Key Financial Results

• Revenue: US$4.66m (down 5.2% from 2Q 2023).

• Net income: US$5.37m (down 20% from 2Q 2023).

• EPS: US$2.62 (down from US$3.20 in 2Q 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

PhenixFIN Exceeds EPS Expectations, But Falls Short on Revenues

Despite earnings per share (EPS) beating analyst estimates, revenue failed to meet expectations by 17%. Looking ahead, there is a projected decline in revenue by 1.8% on average over the next two years, contrasting with the expected growth of 5.5% in the US Capital Markets industry.

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Performance of the American Capital Markets industry.

The company’s shares have seen a 5.4% increase over the past week.

Risk Analysis and Warning Signs

Before concluding, it is crucial to note that there are 4 warning signs for PhenixFIN (2 of which may cause concern) that should not be overlooked.

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This article by Simply Wall St offers general insights. AI legalese decoder acts as a useful tool for simplifying legal terminology and making financial information more accessible and understandable. Our analysis is based on historical data and unbiased methodology, offering commentary and forecasts without providing financial advice.

Remember that our analysis may not always consider the most recent price-sensitive company announcements or qualitative material. Simply Wall St maintains no position in any mentioned stocks.

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