Recon Technology FY24 EPS $(1.36) Down From $(0.24) YoY, Sales $9.47M Up From $9.26M YoY
Portfolio Pulse from Benzinga Newsdesk
Recon Technology reported a significant increase in quarterly losses, with EPS dropping from $(0.24) to $(1.36) year-over-year, despite a slight increase in sales from $9.26M to $9.47M.
October 30, 2024 | 12:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Recon Technology's EPS has significantly worsened, dropping to $(1.36) from $(0.24) YoY, indicating financial struggles despite a slight sales increase.
The significant drop in EPS from $(0.24) to $(1.36) suggests worsening financial performance, which is likely to negatively impact investor sentiment and the stock price in the short term. The slight increase in sales is not enough to offset the negative impact of the increased losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100