Nortech Systems Q1 2024 EPS $0.26 Up From $0.23 YoY; Revenue $34.215M Down From $34.888M YoY
Portfolio Pulse from Benzinga Newsdesk
Nortech Systems reported Q1 2024 earnings per share (EPS) of $0.26, an increase from $0.23 year-over-year. However, revenue decreased to $34.215 million from $34.888 million year-over-year.
May 16, 2024 | 1:17 pm
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Nortech Systems reported mixed Q1 2024 results with an increase in EPS to $0.26 from $0.23 YoY, but a decline in revenue to $34.215 million from $34.888 million YoY.
The increase in EPS is a positive indicator of profitability, but the decline in revenue may raise concerns about the company's growth prospects. The mixed results are likely to have a neutral short-term impact on the stock price.
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