Eastern Co Q3 EPS $0.49 Down From $0.65 YoY, Sales $65.64M Down From $71.64M YoY
Portfolio Pulse from Benzinga Newsdesk
Eastern Co (NASDAQ:EML) reported Q3 earnings of $0.49 per share, a 24.62% decrease YoY. The company also reported sales of $65.64M, an 8.38% decrease YoY.
November 07, 2023 | 10:45 pm
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NEGATIVE IMPACT
Eastern Co's Q3 earnings and sales have decreased YoY by 24.62% and 8.38% respectively.
Eastern Co's reported decrease in both earnings and sales YoY is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100