AstroNova Q1 EPS $0.15 Up From $0.11 YoY, Sales $32.96M Down From $35.42M YoY
Portfolio Pulse from Benzinga Newsdesk
AstroNova (NASDAQ: ALOT) reported Q1 earnings per share (EPS) of $0.15, a 36.36% increase from $0.11 YoY. However, sales decreased by 6.94% to $32.96 million from $35.42 million YoY.
June 06, 2024 | 11:33 am
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NEUTRAL IMPACT
AstroNova reported a significant increase in Q1 EPS to $0.15, up 36.36% YoY, but experienced a decline in sales by 6.94% to $32.96 million. The mixed results may lead to short-term volatility in the stock price.
The increase in EPS is a positive indicator of profitability, but the decline in sales could raise concerns about revenue growth. This mixed performance may result in short-term volatility as investors digest the contrasting signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100