Key Tronic Q3 EPS $(0.21) Down From $0.18 YoY, Sales $140.53M Down From $164.55M YoY
Portfolio Pulse from Benzinga Newsdesk
Key Tronic (NASDAQ:KTCC) reported a significant decrease in its Q3 earnings, with a loss of $(0.21) per share compared to a gain of $0.18 per share YoY. Sales also decreased by 14.60% to $140.53M from $164.55M YoY.
May 07, 2024 | 9:02 pm
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NEGATIVE IMPACT
Key Tronic reported a significant drop in Q3 earnings and sales, indicating potential challenges ahead.
The reported loss per share and decrease in sales year-over-year are significant indicators of underperformance. This could lead to a negative investor sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100