Safeguard Scientifics shares are trading lower after the company announced it is exploring delisting from the Nasdaq and returning excess cash to shareholders in Q4. Also, the company reported a year-over-year decrease in Q2 EPS results.
Portfolio Pulse from Benzinga Newsdesk
Safeguard Scientifics is considering delisting from the Nasdaq and plans to return excess cash to shareholders in Q4. The company also reported a year-over-year decrease in Q2 EPS results.
August 11, 2023 | 3:51 pm
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Safeguard Scientifics' potential delisting from Nasdaq and return of excess cash to shareholders, coupled with a decrease in Q2 EPS results, may impact its stock negatively.
The announcement of a potential delisting from Nasdaq can create uncertainty among investors, potentially leading to a decrease in stock price. The reported decrease in Q2 EPS results indicates a decline in profitability, which is also a negative signal to investors. However, the plan to return excess cash to shareholders in Q4 could provide some offsetting positive sentiment.
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