Nitto Denko Q2 EPS $0.42 Down From $0.70 YoY, Sales $1.83B Up From $1.67B YoY
Portfolio Pulse from Benzinga Newsdesk
Nitto Denko reported a 40% decrease in Q2 EPS to $0.42, despite a 9.78% increase in sales to $1.83 billion compared to the same period last year.
October 28, 2024 | 9:33 am
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Nitto Denko's Q2 earnings per share decreased by 40% to $0.42, while sales increased by 9.78% to $1.83 billion compared to the previous year.
The significant drop in EPS suggests profitability challenges, which could negatively impact investor sentiment and the stock price in the short term, despite the increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100