Air T Q2 EPS $(0.57) Down From $(0.43) YoY, Sales $79.00M Up From $60.70M YoY
Portfolio Pulse from Benzinga Newsdesk
Air T (NASDAQ:AIRT) reported a larger Q2 loss of $(0.57) per share compared to $(0.43) per share in the same quarter last year, despite a 30.15% increase in sales to $79.00M from $60.70M.
November 13, 2023 | 11:05 pm
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NEGATIVE IMPACT
Air T reported a 32.56% increase in losses per share but a 30.15% increase in sales compared to the same period last year.
The reported increase in losses per share is likely to negatively impact investor sentiment in the short term, despite the rise in sales. Typically, widening losses can overshadow revenue growth, leading to potential short-term bearish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100