Moving iMage Technologies Q3 Adj EPS $(0.06) Down From $(0.04) YoY, Sales $3.89M Up From $3.74M YoY
Portfolio Pulse from saritha@benzinga.com
Moving iMage Technologies (AMEX:MITQ) reported a Q3 adjusted EPS of $(0.06), a 50% decrease from $(0.04) YoY, with sales of $3.89M, a 3.98% increase from $3.74M YoY.
May 15, 2024 | 11:05 am
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Moving iMage Technologies reported a Q3 adjusted EPS of $(0.06), a 50% decrease from $(0.04) YoY, with sales of $3.89M, a 3.98% increase from $3.74M YoY.
The significant decrease in EPS by 50% indicates worsening profitability, which is likely to negatively impact the stock price in the short term despite the slight increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100