Frequency Electronics Q3 2024 EPS $(0.01) Up From $(0.03) YoY; Revenue $13.7M Up From $10.6M YoY
Portfolio Pulse from Benzinga Newsdesk
Frequency Electronics reported its Q3 2024 earnings with an EPS of $(0.01), an improvement from $(0.03) year-over-year. Revenue increased to $13.7M from $10.6M in the same period.
March 14, 2024 | 8:03 pm
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Frequency Electronics reported a narrower loss in Q3 2024 with an EPS of $(0.01) compared to $(0.03) YoY, and a revenue increase to $13.7M from $10.6M.
The improvement in both EPS and revenue for Frequency Electronics in Q3 2024 indicates a positive trend in the company's financial health. The reduction in loss (improved EPS) and significant revenue growth are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100