Recap: LightPath Technologies Q2 Earnings
Portfolio Pulse from Benzinga Insights
LightPath Technologies (NASDAQ:LPTH) reported Q2 earnings with an EPS of $-0.05, missing estimates by 25% and showing a revenue decline of $1.16 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, with a notable 5.04% share price drop after last quarter's earnings miss.
February 08, 2024 | 9:10 pm
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LightPath Technologies reported a 25% miss in EPS estimates for Q2 and a revenue decline from the previous year, continuing a trend of missed earnings.
Given the reported earnings miss and the historical context of how the stock reacted negatively to past earnings misses, it's likely that LPTH's stock price will face downward pressure in the short term. The consistent pattern of not meeting earnings expectations and the subsequent negative impact on stock price suggest a similar outcome following this announcement.
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