Optical Cable Q2 EPS $(0.21) Down From $0.31 YoY, Sales $16.11M Down From $19.62M YoY
Portfolio Pulse from Benzinga Newsdesk
Optical Cable (NASDAQ:OCC) reported a significant decline in its Q2 earnings and sales. The company posted a loss of $(0.21) per share, a 167.74% decrease from $0.31 per share last year. Sales also fell by 17.88% to $16.11 million from $19.62 million.
June 10, 2024 | 12:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Optical Cable (NASDAQ:OCC) reported a significant decline in Q2 earnings and sales. The company posted a loss of $(0.21) per share, a 167.74% decrease from $0.31 per share last year. Sales also fell by 17.88% to $16.11 million from $19.62 million.
The significant decline in both earnings per share and sales indicates a poor financial performance for Optical Cable. This is likely to negatively impact the stock price in the short term as investors react to the disappointing results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100