Exela Technologies Q4 EPS $(4.29) Down From $1.85 YoY, Sales $264.44M Down From $266.95M YoY
Portfolio Pulse from Benzinga Newsdesk
Exela Technologies reported a significant decrease in Q4 EPS to $(4.29) from $1.85 YoY, with a slight sales decrease to $264.44M from $266.95M YoY.
April 04, 2024 | 3:25 am
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Exela Technologies experienced a significant decline in Q4 EPS, moving from a profit to a loss, and a slight decrease in sales YoY.
The drastic decrease in EPS from a profit to a significant loss indicates a substantial negative impact on the company's profitability. This, combined with a slight decrease in sales, suggests a challenging quarter for Exela Technologies, likely leading to a negative short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100