Ennis Inc.Reports Decline in Revenues for Q1 2024, But Shares Trending Higher
Ennis Inc.(NYSE: EBF) recently released their financial results for the first quarter ended May 31, 2024, showcasing a decrease in revenues compared to the same quarter last year.Despite this decline, the company’s shares have been steadily trending higher, showing a 1.2% increase from a year ago and a 3.88% increase during the second quarter of 2024.
Although Ennis Inc.reported a decrease in earnings per diluted share and gross profit margin for the quarter, investors seem to remain optimistic about the company’s performance.With shares just 8.7% short of their 52-week high, it appears that Ennis Inc.is well-positioned for future growth and success.
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