Optical Cable Q1 EPS $(0.18) Down From $0.10 YoY, Sales $14.86M Down From $18.28M YoY
Portfolio Pulse from Benzinga Newsdesk
Optical Cable Corporation (OCC) reported a significant decrease in its Q1 earnings, with a loss of $(0.18) per share compared to a profit of $0.10 per share year-over-year. Sales also decreased by 18.75% to $14.86 million from $18.28 million in the same period last year.
March 13, 2024 | 12:01 pm
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Optical Cable Corporation (OCC) experienced a significant decline in Q1 earnings and sales, indicating potential challenges ahead.
The substantial decrease in both earnings per share and sales for Optical Cable Corporation (OCC) suggests a negative impact on the company's financial health and potentially its stock price in the short term. The transition from a profit to a loss and a significant sales decline are critical factors that investors consider when assessing a company's performance and future prospects.
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IMPORTANCE 90
RELEVANCE 100