Omega Flex Q1 EPS $0.42 Down From $0.57 YoY, Sales $25.22M Down From $29.99M YoY
Portfolio Pulse from Benzinga Newsdesk
Omega Flex reported a decrease in Q1 earnings to $0.42 per share from $0.57 YoY and a sales decline to $25.22M from $29.99M YoY.
May 01, 2024 | 9:20 pm
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NEGATIVE IMPACT
Omega Flex reported a significant decrease in both earnings per share and sales in Q1 compared to last year.
The reported decrease in both earnings per share and sales for Omega Flex is a clear negative signal for investors, likely leading to a negative short-term impact on the stock price. A 26.32% decrease in earnings and a 15.91% decrease in sales year-over-year are significant indicators of performance issues that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100