Optical Cable Q3 EPS $(0.20) Down From $0.01 YoY, Sales $16.22M Down From $16.94M YoY
Portfolio Pulse from Benzinga Newsdesk
Optical Cable Corporation reported a Q3 EPS of $(0.20), a decrease from $0.01 year-over-year, and sales of $16.22 million, down from $16.94 million year-over-year.
September 11, 2024 | 12:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Optical Cable Corporation's Q3 financial results show a significant decline in both EPS and sales compared to the previous year, indicating potential challenges in profitability and revenue generation.
The significant drop in EPS from $0.01 to $(0.20) and the decrease in sales from $16.94M to $16.22M suggest financial struggles, likely leading to negative investor sentiment and potential short-term stock price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100