UTStarcom Holdings H1 EPS $(0.22) Down From $(0.19) YoY, Sales $6.51M Down From $7.49M YoY
Portfolio Pulse from Benzinga Newsdesk
UTStarcom Holdings (NASDAQ:UTSI) reported a 15.79% increase in quarterly losses to $(0.22) per share, compared to $(0.19) per share last year. Sales also decreased by 13.05% to $6.51 million from $7.49 million in the same period last year.
August 30, 2023 | 10:50 am
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UTStarcom Holdings reported increased losses and decreased sales, which could negatively impact the stock price in the short term.
UTStarcom's increased losses and decreased sales indicate a negative financial performance, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100