CCSC Technology FY24 EPS $0.13 Down From $0.22 YoY, Sales $14.70M Down From $24.10M YoY
Portfolio Pulse from Benzinga Newsdesk
CCSC Technology (NASDAQ:CCTG) reported a significant decline in both earnings per share (EPS) and sales for FY24. EPS dropped by 40.91% to $0.13 from $0.22 YoY, while sales fell by 39.00% to $14.70 million from $24.10 million YoY.
July 22, 2024 | 8:39 pm
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CCSC Technology reported a 40.91% decrease in EPS to $0.13 and a 39.00% decrease in sales to $14.70 million for FY24 compared to the same period last year.
The significant decline in both EPS and sales indicates a weaker financial performance, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100