Reported Late Friday, IT Tech Packaging Q1 EPS $(0.37) Down From $(0.27) YoY, Sales $6.86M Down From $19.79M YoY
Portfolio Pulse from Benzinga Newsdesk
IT Tech Packaging (AMEX:ITP) reported a significant decrease in both earnings and sales for Q1, with EPS down to $(0.37) from $(0.27) YoY and sales dropping to $6.86M from $19.79M YoY.
May 13, 2024 | 6:04 am
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NEGATIVE IMPACT
IT Tech Packaging reported a significant year-over-year decline in both EPS and sales for Q1, indicating potential challenges ahead.
The reported decrease in both earnings per share (EPS) and sales for IT Tech Packaging is a strong indicator of financial distress, which could lead to a negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100