Ampco-Pittsburgh Q1 2024 EPS $(0.14) Down From $0.03 YoY, Sales $110.2M Up From $104.8M YoY
Portfolio Pulse from Benzinga Newsdesk
Ampco-Pittsburgh reported a Q1 2024 EPS of $(0.14), a decrease from the previous year's $0.03. However, their sales increased to $110.2M from $104.8M YoY.

May 14, 2024 | 12:22 pm
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Ampco-Pittsburgh's Q1 2024 earnings report shows a decrease in EPS to $(0.14) from $0.03 YoY, but an increase in sales to $110.2M from $104.8M YoY.
The decrease in EPS indicates a decline in profitability, which could negatively impact investor sentiment and the stock price. However, the increase in sales suggests growth in the company's operations, potentially offsetting the negative impact of the lower EPS. The mixed financial results lead to a neutral short-term price direction prediction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100