Preformed Line Products Q4 EPS $1.29 Down From $3.28 YoY, Sales $145.60M Down From $169.92M YoY
Portfolio Pulse from Benzinga Newsdesk
Preformed Line Products (PLPC) reported a significant decrease in both earnings and sales for Q4, with EPS dropping to $1.29 from $3.28 YoY and sales falling to $145.60M from $169.92M YoY.
March 07, 2024 | 9:31 pm
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NEGATIVE IMPACT
Preformed Line Products reported a 60.67% decrease in EPS and a 14.31% decrease in sales for Q4 YoY.
The significant drop in both earnings per share and sales for Preformed Line Products indicates a challenging quarter for the company. This substantial decrease in performance metrics is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100