Oak Valley Q2 EPS $0.71 Down From $1.02 YoY, Sales $19.05M Down From $21.06M YoY
Portfolio Pulse from Benzinga Newsdesk
Oak Valley (NASDAQ:OVLY) reported a significant decline in its Q2 earnings and sales compared to the same period last year. EPS dropped by 30.39% to $0.71, and sales decreased by 9.54% to $19.05 million.
July 19, 2024 | 6:31 am
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NEGATIVE IMPACT
Oak Valley's Q2 earnings per share fell by 30.39% to $0.71, and sales decreased by 9.54% to $19.05 million compared to the same period last year. This significant decline in both earnings and sales is likely to negatively impact the stock price in the short term.
The substantial year-over-year decline in both earnings per share and sales indicates weaker financial performance, which is likely to lead to a negative market reaction and short-term pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100