IT Tech Packaging Q2 EPS $(0.12) Down From $(0.00) YoY, Sales $30.02M Down From $31.79M YoY
Portfolio Pulse from Benzinga Newsdesk
IT Tech Packaging reported Q2 losses of $(0.12) per share, a 3900 percent decrease YoY. The company's sales also decreased by 5.56 percent to $30.02 million compared to $31.79 million in the same period last year.
August 10, 2023 | 8:53 pm
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NEGATIVE IMPACT
IT Tech Packaging reported a significant YoY decrease in Q2 earnings and sales, which could negatively impact its stock price.
IT Tech Packaging's Q2 earnings report shows a significant decrease in both earnings per share and sales compared to the same period last year. This 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