Wetouch Technology Q1 EPS $0.04 Down From $0.35 YoY, Sales $14.88M Up From $13.43M YoY
Portfolio Pulse from Benzinga Newsdesk
Wetouch Technology (NASDAQ:WETH) reported a significant decrease in Q1 EPS to $0.04 from $0.35 YoY, despite a 10.75% increase in sales to $14.88M from $13.43M YoY.
June 17, 2024 | 1:45 pm
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Wetouch Technology reported a significant drop in Q1 EPS to $0.04 from $0.35 YoY, despite a 10.75% increase in sales to $14.88M. This mixed performance may lead to short-term volatility in the stock price.
The significant drop in EPS indicates a decline in profitability, which is likely to concern investors despite the increase in sales. This mixed performance may lead to short-term negative sentiment and volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100