CPS Technologies Q2 GAAP EPS $(0.07) Down From $0.04 YoY, Sales $5.03M Down From $7.42M YoY
Portfolio Pulse from Benzinga Newsdesk
CPS Technologies (NASDAQ:CPSH) reported a significant decline in its Q2 financial performance, with a GAAP EPS of $(0.07), down from $0.04 YoY, and sales of $5.03M, down from $7.42M YoY.
July 31, 2024 | 9:46 pm
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CPS Technologies reported a significant decline in Q2 earnings and sales, with a GAAP EPS of $(0.07) and sales of $5.03M, representing a 275% decrease in EPS and a 32.19% decrease in sales YoY.
The significant decline in both earnings per share and sales indicates a poor financial performance for CPS Technologies in Q2. 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