Applied DNA Sciences Q4 EPS $(0.26) Down From $(0.06) YoY, Sales $779.74K Down From $3.56M YoY
Portfolio Pulse from Benzinga Newsdesk
Applied DNA Sciences (NASDAQ:APDN) experienced a significant decline in both earnings and sales for Q4, with EPS dropping to $(0.26) from $(0.06) YoY and sales falling to $779.74K from $3.56M YoY, representing a 333.33% decrease in EPS and a 78.09% decrease in sales.
December 07, 2023 | 9:10 pm
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Applied DNA Sciences reported a substantial year-over-year decline in Q4 earnings and sales, with EPS falling to $(0.26) from $(0.06) and sales decreasing to $779.74K from $3.56M.
The reported decrease in both earnings per share and sales is a strong negative signal to investors, likely leading to a bearish outlook on the stock in the short term. The magnitude of the decline in key financial metrics suggests that the company is facing significant challenges, which could adversely affect investor sentiment and the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100