Eastern Co Q2 Adj EPS $0.40 Down From $0.59 YoY, Sales $68.34M Down From $69.54M YoY
Portfolio Pulse from vinayak@benzinga.com
Eastern Co (NASDAQ:EML) reported Q2 earnings of $0.40 per share, a 32.2% decrease YoY. The company also reported sales of $68.34M, a 1.73% decrease YoY.
August 08, 2023 | 8:55 pm
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NEGATIVE IMPACT
Eastern Co's Q2 earnings and sales have both decreased compared to the same period last year. This could potentially impact the company's stock negatively in the short term.
Eastern Co's reported decrease in both earnings and sales for Q2 compared to the same period last year could be seen as a negative signal by investors, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100