AmpliTech Gr Q2 EPS $(0.16), Inline, Sales $2.53M Miss $3.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
AmpliTech Group (NASDAQ:AMPG) reported Q2 earnings per share (EPS) of $(0.16), which met analyst expectations but represented a 220% decrease from the same period last year. The company also reported quarterly sales of $2.53 million, missing the $3.00 million estimate by 15.75% and showing a 37.95% decrease from the previous year's sales.
August 14, 2024 | 8:45 pm
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NEGATIVE IMPACT
AmpliTech Group reported Q2 EPS of $(0.16), meeting expectations but showing a significant decline from last year. Sales of $2.53 million missed estimates by 15.75% and decreased by 37.95% year-over-year.
The company's earnings per share met expectations, but the significant year-over-year decline in both EPS and sales, along with the sales miss, is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100