Air Industries Q2 Sales $13.20M Down From $14.00M YoY
Portfolio Pulse from Benzinga Newsdesk
Air Industries (AMEX:AIRI) reported a decrease in Q2 sales to $13.20 million, down 5.71% from $14.00 million in the same period last year.
August 08, 2023 | 1:16 pm
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Air Industries' Q2 sales decreased by 5.71% YoY, which may negatively impact the company's stock price in the short term.
A decrease in sales often indicates a potential decrease in profitability, which can negatively impact investor sentiment and lead to a decrease in stock price. Given that the sales decrease is significant (5.71% YoY), it's likely to have a negative impact on AIRI's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100