AstroNova Q2 Adj EPS $0.08 Down From $0.15 YoY, Sales $40.54M Up From $35.52M YoY
Portfolio Pulse from Benzinga Newsdesk
AstroNova reported a decrease in Q2 adjusted EPS to $0.08 from $0.15 year-over-year, while sales increased to $40.54 million from $35.52 million.
September 16, 2024 | 11:32 am
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AstroNova's Q2 earnings report shows a decline in adjusted EPS to $0.08 from $0.15 YoY, despite an increase in sales to $40.54M from $35.52M.
The decrease in EPS suggests a decline in profitability, which could be a concern for investors. However, the increase in sales indicates growth in revenue, balancing the overall impact. This mixed result may lead to a neutral short-term stock price movement.
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