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what does a EPS of $3.00 mean for stockholders? i know EPS measures profiability but does that mean that stockholders can earn $3.00 per share

what does a EPS of $3.00 mean for stockholders? i know EPS measures profiability but does that mean that stockholders can earn $3.00 per share that they own? can you also please explain P/E ratio in stock market

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