Retractable Technologies Q1 EPS $0.01 Down From $0.03 YoY, Sales $7.60M Down From $11.00M YoY
Portfolio Pulse from Benzinga Newsdesk
Retractable Technologies (AMEX:RVP) reported a significant decline in both earnings per share (EPS) and sales for Q1. EPS dropped from $0.03 to $0.01 YoY, a 66.67% decrease, while sales fell from $11.00 million to $7.60 million, a 30.92% decrease.
May 15, 2024 | 9:08 pm
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Retractable Technologies reported a significant decline in Q1 earnings and sales. EPS decreased by 66.67% to $0.01, and sales fell by 30.92% to $7.60 million compared to the same period last year.
The significant decline in both EPS and sales indicates potential financial struggles or market challenges for Retractable Technologies. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100