CPI Aerostructures Q1 EPS $0.01 Down From $0.08 YoY, Sales $19.08M Down From $22.02M YoY
Portfolio Pulse from Benzinga Newsdesk
CPI Aerostructures (AMEX:CVU) reported a significant decline in its Q1 earnings and sales compared to the same period last year. The company's EPS dropped by 87.5% to $0.01, and sales decreased by 13.33% to $19.08 million.
May 15, 2024 | 9:43 pm
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CPI Aerostructures reported a significant decline in Q1 earnings and sales. EPS fell by 87.5% to $0.01, and sales decreased by 13.33% to $19.08 million compared to the same period last year.
The significant decline in both EPS and sales is likely to negatively impact investor sentiment and the stock price in the short term. A drop of 87.5% in EPS and 13.33% in sales indicates potential underlying issues in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100