GSI Technology Q2 EPS Gaap $(0.21) Down From $(0.16) YoY, Sales $4.55M Down From $5.71M YoY
Portfolio Pulse from Benzinga Newsdesk
GSI Technology reported a Q2 EPS loss of $(0.21), a 31.25% decrease from the previous year's $(0.16). Sales also fell by 20.29% to $4.55 million from $5.71 million year-over-year.
October 24, 2024 | 8:23 pm
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NEGATIVE IMPACT
GSI Technology's Q2 earnings report shows a significant decline in both EPS and sales compared to the previous year, indicating potential financial challenges.
The reported EPS loss of $(0.21) is a significant decline from the previous year's $(0.16), and the 20.29% drop in sales suggests financial difficulties. This negative performance is likely to impact the stock price negatively in the short term.
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IMPORTANCE 80
RELEVANCE 100