L.S. Starrett Company Q2 2024 EPS $(0.05) Down From $0.42 YoY; Revenue $62.076M Down From $66.775M YoY
Portfolio Pulse from Benzinga Newsdesk
L.S. Starrett Company reported a Q2 2024 EPS of $(0.05), a decrease from $0.42 YoY. Revenue also fell to $62.076M from $66.775M YoY.

February 16, 2024 | 9:20 pm
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L.S. Starrett Company's Q2 2024 earnings report shows a decline in both EPS and revenue compared to the previous year.
The reported decrease in both EPS and revenue for L.S. Starrett Company (SCX) in Q2 2024 compared to the previous year is likely to negatively impact investor sentiment and the stock price in the short term. The significant drop in EPS, from a positive to a negative value, and the decrease in revenue highlight potential operational or market challenges the company is facing, which could lead to a lack of investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100