Ocean Power Technologies Q3 2024 EPS $(0.11) Vs $(0.11) YoY; Revenue $1.792M Up From $734K YoY
Portfolio Pulse from Benzinga Newsdesk
Ocean Power Technologies reported its Q3 2024 earnings with an EPS of $(0.11), consistent with the previous year. Revenue saw a significant increase to $1.792M from $734K YoY.
March 13, 2024 | 8:20 pm
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Ocean Power Technologies reported a steady EPS of $(0.11) and a significant increase in revenue to $1.792M from $734K YoY in Q3 2024.
The consistent EPS indicates stability, while the substantial increase in revenue suggests significant growth and potential for future profitability. This combination is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100