Ocean Power Techs Q4 EPS $(0.17) Down From $(0.09) YoY, Sales $1.00M Up From $756.00K YoY
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Techs (OPTT) reported Q4 losses of $(0.17) per share, a 88.89% decrease YoY. However, the company's sales increased by 32.28% to $1.00 million compared to the same period last year.
July 12, 2023 | 8:20 pm
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Ocean Power Techs reported a significant YoY decrease in Q4 EPS but an increase in sales. This mixed result could lead to uncertainty in the market.
The significant decrease in EPS indicates a decline in profitability, which could negatively impact the stock price. However, the increase in sales suggests growth, which could have a positive effect. These mixed signals could lead to uncertainty and volatility in the short term.
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