Ennis Sees More Sales But Less Profit
Ennis, a company making business forms, increased its sales but earned less money. Legal costs may hide its true financial picture.
Ennis makes many products. These include business forms, checks, and packaging. The company recently shared its financial numbers. It sold more goods. Yet, its profits went down.
Ennis earned 48 cents for each share of its stock. This is less than last year. The company's sales grew to 101.6 million dollars. This amount is higher than before.
Legal fees caused much of this change. Ennis spent money on lawsuits. These costs hurt its profits. Without these costs, the company's financial picture would look better.
Investors watch Ennis closely. They want to see if sales keep growing. They also hope that legal costs will fall. This could lead to higher profits for the company in the future.
Source: Yahoo Finance
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