Eastern Q1 2024 Adj. EPS $0.31 Down From $0.36 YoY; Net Sales $67.9M Down From $72.5M YoY
Portfolio Pulse from Benzinga Newsdesk
Eastern reported a decrease in its Q1 2024 adjusted EPS to $0.31 from $0.36 year-over-year, and net sales fell to $67.9M from $72.5M in the same period.
May 06, 2024 | 8:38 pm
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NEGATIVE IMPACT
Eastern's Q1 2024 earnings report shows a decline in both adjusted EPS and net sales year-over-year.
The reported decrease in both adjusted EPS and net sales for Eastern in Q1 2024 compared to the previous year indicates a negative performance trend, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100