Atrion Q2 EPS $0.23, Down From $3.73 Prior Year, Revenues $48.8M, Up From $43.8M Last Year
Portfolio Pulse from Benzinga Newsdesk
Atrion Corporation reported Q2 EPS of $0.23, a significant decrease from $3.73 in the prior year. Revenues increased to $48.8 million from $43.8 million last year. Operating income was notably affected by a $5.0 million accrual in acquisition-related expenses.
August 08, 2024 | 10:13 pm
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Atrion Corporation's Q2 EPS fell sharply to $0.23 from $3.73 last year, despite a revenue increase to $48.8 million. The decline in operating income was due to a $5.0 million accrual in acquisition-related expenses.
The significant drop in EPS from $3.73 to $0.23 is likely to negatively impact investor sentiment in the short term. Although revenues increased, the $5.0 million in acquisition-related expenses heavily impacted operating income, contributing to the sharp decline in EPS.
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