Deswell Industries H2 FY24 EPS $0.26 Up From $0.16 YoY; Sales $31.6M Down From $33.1M YoY
Portfolio Pulse from Benzinga Newsdesk
Deswell Industries reported its H2 FY24 earnings per share (EPS) of $0.26, an increase from $0.16 year-over-year. However, sales decreased to $31.6 million from $33.1 million year-over-year.
June 20, 2024 | 1:12 pm
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NEUTRAL IMPACT
Deswell Industries reported a significant increase in EPS to $0.26 from $0.16 YoY, indicating improved profitability. However, the decline in sales to $31.6M from $33.1M YoY may raise concerns about revenue growth.
The increase in EPS suggests improved profitability, which is positive for the stock. However, the decline in sales could be a concern for future revenue growth. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100