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Ocean Bio Chem Inc  (OBCI)
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EARNINGS REPORT by CSIMarket

Deterioration in Earnings, Revenues Down

Ocean Bio Chem Inc announced third quarter 2019 operating profit of $1.474654 millions

plant_with_tanks_By_Alexandr_2012_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonOcean Bio Chem Inc had weak third quarter 2019, where income fell by -14.29 % to $0.12 per share and Sales decreased by -5.15 % to $13 millions, year on year.

Sequentially income improved by 9.09 % from $0.11 per share and Sales advanced by 14.24 % from $11 millions.

Net income of $1 millions in the third quarter 2019 fell by -11.62 % from $1 millions in the corresponding period a year before. Looking further into third quarter 2019 Ocean Bio Chem Inc's profitability, operating margin mitigated to 11.79%, and net margin shrank to 9%.


Ocean Bio Chem Inc is expected to report next financial results on May 15, 2020.


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Other OBCI's Earnings Reports

Ocean Bio Chem Inc reported second quarter 2019 earnings

Ocean Bio Chem Inc reported first quarter 2019 earnings

Ocean Bio Chem Inc reported forth quarter 2018 earnings

             
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