Highway Holdings Q2 EPS $0.05 Down From $0.10 YoY, Sales $1.32M Down From $3.04M YoY
Portfolio Pulse from Benzinga Newsdesk
Highway Holdings (NASDAQ:HIHO) reported a 50% decrease in quarterly earnings from $0.10 per share to $0.05 per share YoY. Sales also decreased by 56.62% from $3.04 million to $1.32 million YoY.
October 23, 2023 | 11:10 am
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NEGATIVE IMPACT
Highway Holdings reported a significant decrease in both earnings and sales YoY, which could negatively impact investor sentiment.
The reported decrease in both earnings and sales indicates a potential downturn in the company's performance. This could lead to a decrease in the stock price as investors may lose confidence in the company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100