Electro-Sensors Q2 EPS $0.03 Up From $(0.08) YoY, Sales $2.14M Down From $2.56M YoY
Portfolio Pulse from Happy Mohamed
Electro-Sensors reported Q2 earnings of $0.03 per share, a 137.5% increase YoY. However, sales decreased by 16.65% to $2.14 million compared to the same period last year.
August 11, 2023 | 5:41 pm
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Electro-Sensors reported a significant increase in Q2 earnings but a decrease in sales compared to last year.
The increase in earnings is a positive sign, indicating improved profitability. However, the decrease in sales could be a concern for investors as it might indicate a slowdown in business. The net impact on the stock price is uncertain in the short term.
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RELEVANCE 100