L S Starrett Q1 EPS $0.25 Down From $0.27 YoY, Sales $60.64M Up From $60.46M YoY
Portfolio Pulse from Benzinga Newsdesk
L S Starrett (NYSE:SCX) reported a slight decrease in Q1 EPS to $0.25 from $0.27 YoY, while sales saw a marginal increase to $60.64M from $60.46M YoY.
November 13, 2023 | 1:34 pm
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NEUTRAL IMPACT
L S Starrett reported a 7.41% decrease in Q1 EPS to $0.25 from $0.27 YoY, with a slight 0.29% increase in sales to $60.64M from $60.46M YoY.
The decrease in EPS could be seen as a negative signal, indicating lower profitability. However, the increase in sales, albeit small, might offset investor concerns, suggesting stability in revenue. The mixed results lead to a neutral score, as the market may not react strongly either way in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100