Techprecision Q3 EPS $(0.10) Down From $0.01 YoY, Sales $7.65M Down From $8.33M YoY
Portfolio Pulse from Benzinga Newsdesk
Techprecision (NASDAQ:TPCS) reported a significant decrease in its Q3 earnings, with a loss of $(0.10) per share compared to a gain of $0.01 per share YoY. Sales also decreased by 8.14% to $7.65M from $8.33M YoY.
March 01, 2024 | 6:36 am
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Techprecision reported a significant drop in Q3 earnings, moving from a profit to a loss, and a decrease in sales compared to the same period last year.
The reported loss per share and decrease in sales YoY are significant indicators of the company's performance downturn. Such a substantial negative change in earnings and sales is likely to impact investor sentiment and the stock price negatively in the short term.
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IMPORTANCE 90
RELEVANCE 100