Twin Vee PowerCats Q3 EPS $(0.20) Down From $(0.13) YoY, Sales $8.08M Down From $8.81M YoY
Portfolio Pulse from Benzinga Newsdesk
Twin Vee PowerCats (NASDAQ:VEEE) reported a larger Q3 loss of $(0.20) per share compared to $(0.13) YoY, with sales declining to $8.08M from $8.81M YoY, indicating a 53.85% increase in losses and an 8.35% decrease in sales.
November 13, 2023 | 1:49 pm
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NEGATIVE IMPACT
Twin Vee PowerCats reported a significant year-over-year decline in Q3 earnings and sales, with losses per share increasing by 53.85% and sales decreasing by 8.35%.
The reported increase in losses and decrease in sales are typically seen as negative indicators for a company's financial health and often result in a negative short-term impact on the stock price. Given the significant percentage changes reported, it is likely that investors will react unfavorably to this news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100