Universal Security Instruments Reports Q1 EPS Of $(0.19), Down From $0.07 Last Year; Sales $4.59M, Down From $6.69M Prior Year
Portfolio Pulse from Benzinga Newsdesk
Universal Security Instruments reported a Q1 EPS of $(0.19), a decline from $0.07 in the previous year. Sales also decreased to $4.59M from $6.69M last year.
August 19, 2024 | 8:32 pm
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Universal Security Instruments reported a significant decline in Q1 earnings per share and sales compared to the previous year, indicating potential financial challenges.
The reported decline in both EPS and sales suggests financial difficulties, which could negatively impact the stock price in the short term. The significant drop in earnings from $0.07 to $(0.19) and sales from $6.69M to $4.59M highlights potential operational or market challenges.
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