Astrotech Q2 2024 EPS $(1.62) Down From $(1.50) YoY Revenue $1.115M Up From $263K YoY
Portfolio Pulse from Benzinga Newsdesk
Astrotech reported its Q2 2024 earnings with an EPS of $(1.62), a decrease from $(1.50) year-over-year. However, its revenue saw a significant increase to $1.115M from $263K in the same period last year.
February 12, 2024 | 9:38 pm
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Astrotech's Q2 2024 earnings report showed a decrease in EPS to $(1.62) from $(1.50) YoY, but a significant increase in revenue to $1.115M from $263K YoY.
The decrease in EPS indicates a worsening profitability on a per-share basis, which could be seen negatively by investors. However, the substantial increase in revenue suggests significant growth in the company's operations, which could offset concerns about profitability in the short term. The mixed nature of these results makes the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100