Singing Machine Co Q2 EPS $0.02 Down From $0.08 YoY, Sales $15.93M Down From $17.11M YoY
Portfolio Pulse from Benzinga Newsdesk
Singing Machine Co (NASDAQ:MICS) reported a decrease in Q2 earnings to $0.02 per share, down from $0.08 YoY. Sales also fell to $15.93M from $17.11M YoY, marking a 6.91% decline.
November 21, 2023 | 1:00 pm
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Singing Machine Co reported a significant drop in Q2 EPS to $0.02, a 75% decrease from $0.08 YoY, and a sales decline of 6.91% to $15.93M from $17.11M YoY.
The reported decrease in both earnings per share and sales indicates a weaker financial performance compared to the previous year, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100