Ispire Technology FY24 EPS $(0.27), Down From $(0.12) Prior Year, Revenue $151.9M, Up From $115.6M Last Year
Portfolio Pulse from Benzinga Newsdesk
Ispire Technology reported a fiscal year 2024 EPS of $(0.27), a decrease from $(0.12) the previous year. However, revenue increased to $151.9 million from $115.6 million.
September 26, 2024 | 10:36 am
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NEGATIVE IMPACT
Ispire Technology's fiscal year 2024 results show a decline in EPS to $(0.27) from $(0.12) last year, indicating increased losses. However, the company saw a revenue increase to $151.9 million from $115.6 million, suggesting growth in sales.
The decrease in EPS from $(0.12) to $(0.27) suggests worsening profitability, which is typically negative for stock prices. However, the increase in revenue from $115.6M to $151.9M indicates positive sales growth. The mixed results may lead to short-term volatility, but the negative EPS is likely to have a stronger impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100