Cheetah Net Supply Chain Q2 EPS $0.01, Same YoY, Sales $12.20M Down From $20.80M YoY
Portfolio Pulse from Benzinga Newsdesk
Cheetah Net Supply Chain (NASDAQ:CTNT) reported Q2 earnings of $0.01 per share, unchanged YoY. However, sales decreased by 41.35% to $12.20 million from $20.80 million YoY.
September 05, 2023 | 9:11 pm
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NEGATIVE IMPACT
Cheetah Net Supply Chain's Q2 earnings remained steady, but sales saw a significant decrease of 41.35% YoY.
While Cheetah Net Supply Chain's earnings per share remained steady YoY, the significant decrease in sales could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100