POET Technologies Q2 EPS $(0.14) Down From $(0.11) YoY; Revenue $0 Down From $177.390M YoY
Portfolio Pulse from Benzinga Newsdesk
POET Technologies reported a Q2 EPS of $(0.14), down from $(0.11) year-over-year, and revenue of $0, down from $177.390 million year-over-year.
August 14, 2024 | 8:56 pm
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NEGATIVE IMPACT
POET Technologies reported a significant decline in both EPS and revenue for Q2, with EPS at $(0.14) compared to $(0.11) YoY and revenue at $0 compared to $177.390 million YoY.
The significant decline in both EPS and revenue indicates poor financial performance, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100