Forward Industries Q2 2024 EPS $(0.05) Down From $(0.01) YoY; Revenue $7.8M Down From $9.7M YoY
Portfolio Pulse from Benzinga Newsdesk
Forward Industries reported a Q2 2024 EPS of $(0.05), a decrease from $(0.01) YoY. Revenue for the quarter was $7.8M, down from $9.7M YoY.
May 10, 2024 | 8:13 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Forward Industries reported a decrease in both EPS and revenue for Q2 2024, indicating a potential negative impact on its stock price in the short term.
The decrease in both EPS and revenue for Forward Industries is a clear indicator of financial underperformance for the quarter, which typically leads to negative investor sentiment and could result in a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100