Nova Lifestyle Q2 EPS $(0.22) Up From $(0.37) YoY, Sales $2.69M Down From $4.46M YoY
Portfolio Pulse from Benzinga Newsdesk
Nova Lifestyle (NASDAQ:NVFY) reported Q2 earnings per share (EPS) of $(0.22), an improvement from $(0.37) YoY. However, sales decreased by 39.75% to $2.69 million from $4.46 million YoY.
August 14, 2024 | 8:40 pm
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NEGATIVE IMPACT
Nova Lifestyle reported a Q2 EPS of $(0.22), an improvement from $(0.37) YoY. However, sales decreased by 39.75% to $2.69 million from $4.46 million YoY.
While the EPS has improved, the significant drop in sales is likely to have a negative impact on the stock price in the short term. Investors may be concerned about the company's ability to generate revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100