DB Corp second quarter results announced: profit fell 17.64% year-on-year

DB Corp second quarter results live release: DB Corp reported second quarter results on October 15, 2024, revealing the challenging quarter the company faced. Revenue fell by 4.62% year-on-year, and profit fell even more significantly, reaching 17.64%. Compared with the previous quarter, revenue fell by 5.24% and profits plummeted by 29.94%.

The company’s selling, general and administrative expenses increased 5.85% month-on-month and 3.96% year-on-year, indicating rising operating costs amid falling revenue.

Operating income also declined significantly, down 31.63% month-on-month and 23.82% year-on-year, reflecting the challenges faced by the company as a whole.

Second quarter earnings per share (EPS) was $4.83, a year-on-year decrease of 14.19%, further highlighting DB Corp’s financial difficulties during this period.

In terms of stock performance, DB Corp returned -11.55% last week while showing a modest recovery, returning 11.67% over the past six months and 19.17% year-to-date.

Currently, DB Corp has a market capitalization of $5675.21 Crore, its stock trading volume in the 52-week range $403.9 to $235.8.

Of the three analysts covering DB Corp as of October 16, 2024, opinions are mixed: One analyst has a Strong Sell rating, while another has a Buy rating , a third analyst gave the stock a “strong buy” rating. Reflecting varying levels of confidence in the company’s recovery.