Nortech Systems Q2 EPS $0.05, Down From $0.22 Prior Year; Net Sales Decline 3.2% To $33.89M
Portfolio Pulse from Benzinga Newsdesk
Nortech Systems reported Q2 EPS of $0.05, a decrease from $0.22 in the prior year. Net sales declined by 3.2% to $33.89 million.
August 08, 2024 | 12:08 pm
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Nortech Systems reported a significant drop in Q2 EPS to $0.05 from $0.22 last year, along with a 3.2% decline in net sales to $33.89 million.
The significant drop in EPS and decline in net sales are likely to negatively impact investor sentiment and the stock price in the short term.
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