Asia Pacific Wire & Cable H1 EPS $(0.02) Down From $0.001 YoY, Sales $214.30M Up From $193.48M YoY
Portfolio Pulse from Benzinga Newsdesk
Asia Pacific Wire & Cable (NASDAQ:APWC) reported a significant decrease in earnings per share (EPS) for the first half of the year, with a loss of $(0.02) compared to $0.001 the previous year. However, the company saw a 10.76% increase in sales, reaching $214.30 million.
August 26, 2024 | 12:35 pm
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Asia Pacific Wire & Cable reported a significant drop in EPS to $(0.02) from $0.001 YoY, despite a 10.76% increase in sales to $214.30M.
The significant drop in EPS indicates a decline in profitability, which is a negative signal for investors. Although sales increased by 10.76%, the inability to translate this into higher earnings suggests potential operational inefficiencies or increased costs. This mixed performance is likely to put downward pressure on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100