SilverSun Technologies Q3 EPS $(0.40) Down From $(0.03) YoY, Sales $13.42M Up From $10.92M YoY
Portfolio Pulse from Benzinga Newsdesk
SilverSun Technologies (NASDAQ:SSNT) experienced a significant increase in losses per share in Q3, reporting $(0.40) compared to $(0.03) in the same quarter last year. However, sales rose by 22.96% to $13.42M from $10.92M YoY.
November 14, 2023 | 1:56 pm
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NEGATIVE IMPACT
SilverSun Technologies reported a substantial increase in quarterly losses but also a significant rise in sales compared to the same period last year.
The sharp decline in earnings per share (EPS) is typically seen as a negative indicator for stock performance, which may lead to a decrease in stock price in the short term. However, the increase in sales suggests some positive business momentum, which might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100