Ebang Intl Hldgs FY EPS $(5.86) Up From $(7.03) YoY, Sales $4.86M Down From $32.33M YoY
Portfolio Pulse from Benzinga Newsdesk
Ebang Intl Hldgs (NASDAQ:EBON) reported a narrower FY EPS loss of $(5.86) compared to $(7.03) YoY, but sales plummeted to $4.86M from $32.33M YoY, indicating a significant revenue decline.
April 26, 2024 | 8:37 pm
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Ebang Intl Hldgs reported a smaller loss per share but a significant decrease in sales year-over-year.
The improvement in EPS might be seen positively, but the drastic reduction in sales year-over-year is likely to concern investors, potentially leading to negative sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100