Gencor Industries Q3 EPS $0.22 Up From $(0.07) YoY, Sales $27.88M Down From $29.65M YoY
Portfolio Pulse from Benzinga Newsdesk
Gencor Industries (NASDAQ:GENC) reported Q3 earnings of $0.22 per share, a 414.29% increase YoY. However, sales decreased by 5.97% to $27.88 million compared to $29.65 million in the same period last year.
August 09, 2023 | 9:30 pm
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NEUTRAL IMPACT
Gencor Industries reported a significant increase in Q3 earnings but a decrease in sales compared to the same period last year.
The significant increase in earnings could be seen as a positive sign by investors, potentially driving the stock price up. However, the decrease in sales could be a concern, potentially driving the stock price down. The net effect on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100