CORRECTION: Steel Connect Q4 EPS $0.29 Down From $0.37 YoY, Sales $40.80M Down From $53.05M YoY
Portfolio Pulse from Benzinga Newsdesk
Steel Connect reported a decrease in Q4 earnings per share (EPS) from $0.37 YoY to $0.29 and a drop in sales from $53.05M YoY to $40.80M.
November 08, 2023 | 12:37 pm
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NEGATIVE IMPACT
Steel Connect's Q4 earnings and sales have both decreased YoY, which could negatively impact the company's stock price.
Earnings reports are a significant factor in a company's stock price. The reported decrease in both earnings and sales for Steel Connect could lead to a negative sentiment among investors, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100