Addvantage Technologies Q3 EPS $(0.19) Down From $0.11 YoY, Sales $10.34M Down From $25.93M YoY
Portfolio Pulse from totan@benzinga.com
Addvantage Technologies (NASDAQ:AEY) reported a significant decline in financial performance for Q3, with EPS dropping to $(0.19) from $0.11 YoY and sales falling to $10.34M from $25.93M YoY, representing a 272.73% decrease in earnings and a 60.11% decrease in sales.
November 14, 2023 | 9:21 pm
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Addvantage Technologies reported a sharp decline in Q3 earnings and sales, with EPS falling to $(0.19) from $0.11 YoY and sales decreasing to $10.34M from $25.93M YoY.
The reported decrease in both earnings per share and sales is substantial, indicating a significant downturn in the company's financial performance. This is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100