Servotronics Q2 EPS $(3.86) Down From $(0.33) YoY, Sales $10.60M Up From $8.70M YoY
Portfolio Pulse from Benzinga Newsdesk
Servotronics reported Q2 losses of $3.86 per share, a 1069.7% decrease YoY. However, the company's sales increased by 21.84% to $10.60 million compared to the same period last year.
August 10, 2023 | 9:04 pm
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NEGATIVE IMPACT
Servotronics reported a significant YoY decrease in EPS but an increase in sales for Q2.
The significant YoY decrease in EPS indicates a worsening financial performance, which could negatively impact the stock price. However, the increase in sales could offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100