UTStarcom H1 EPS $(0.22), Same As Last Year; Total Revenues $5.7M, Down From $6.5M Last Year
Portfolio Pulse from Benzinga Newsdesk
UTStarcom reported a half-year EPS of $(0.22), unchanged from the previous year. Total revenues decreased to $5.7 million from $6.5 million in the same period last year.
September 05, 2024 | 10:27 am
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UTStarcom's half-year earnings per share remained at $(0.22), while revenues fell from $6.5 million to $5.7 million, indicating a decline in sales performance.
The unchanged EPS suggests stable profitability, but the decline in revenues indicates potential challenges in sales or market conditions, which could negatively impact the stock price in the short term.
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