Preformed Line Products Q1 EPS $1.94 Down From $4.28 YoY, Sales $140.90M Down From $181.82M YoY
Portfolio Pulse from Benzinga Newsdesk
Preformed Line Products (NASDAQ:PLPC) reported a significant decrease in Q1 earnings and sales YoY, with EPS down 54.67% to $1.94 and sales down 22.51% to $140.90M.
May 02, 2024 | 3:57 am
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Preformed Line Products reported a significant year-over-year decline in both earnings per share and sales for Q1.
The substantial decrease in both earnings per share and sales indicates a significant negative impact on the company's financial health and operational performance. This is likely to lead to negative investor sentiment and a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100