NETSOL Technologies Q3 EPS $0.03 Down From $0.23 YoY, Sales $15.46M Up From $13.51M YoY
Portfolio Pulse from Benzinga Newsdesk
NETSOL Technologies (NASDAQ:NTWK) reported Q3 earnings per share (EPS) of $0.03, a significant decrease from $0.23 in the same period last year. However, sales increased by 14.50% to $15.46 million from $13.51 million year-over-year.
May 20, 2024 | 12:44 pm
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NETSOL Technologies reported a significant drop in Q3 EPS to $0.03 from $0.23 YoY, despite a 14.50% increase in sales to $15.46 million.
The significant decrease in EPS indicates a decline in profitability, which is likely to negatively impact the stock price in the short term. The increase in sales is a positive sign but may not be enough to offset the negative sentiment from the EPS drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100