Cyanotech Q3 EPS $(0.16) Down From $(0.10) YoY, Sales $5.58M Down From $5.89M YoY
Portfolio Pulse from Benzinga Newsdesk
Cyanotech reported a Q3 EPS of $(0.16), a 60% decrease from $(0.10) YoY, with sales of $5.58M, down 5.25% from $5.89M YoY.
February 08, 2024 | 1:14 pm
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NEGATIVE IMPACT
Cyanotech reported a significant decrease in both EPS and sales in Q3, indicating a challenging quarter.
The reported decrease in EPS and sales for Cyanotech is a clear indicator of underperformance for the quarter. Such financial results typically lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100