Frequency Electronics Q2 EPS $0.08 Up From $(0.25) YoY, Sales $13.60M Up From $8.95M YoY
Portfolio Pulse from Benzinga Newsdesk
Frequency Electronics (NASDAQ:FEIM) reported a significant improvement in Q2 earnings, posting $0.08 EPS compared to a loss of $(0.25) per share YoY. Sales also increased by 51.97% to $13.60M from $8.95M YoY.
December 12, 2023 | 9:09 pm
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Frequency Electronics reported a positive earnings turnaround with EPS of $0.08 and a 51.97% increase in sales to $13.60M in Q2.
The substantial increase in EPS and sales for Frequency Electronics suggests a strong financial performance, which is likely to be viewed positively by investors. This could lead to a short-term increase in stock price as the market reacts to the positive earnings report.
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