Preformed Line Products Q3 EPS $1.54 Down From $3.03 YoY, Sales $147M Down From $160.4M YoY
Portfolio Pulse from Benzinga Newsdesk
Preformed Line Products reported a significant decrease in Q3 earnings per share (EPS) and sales compared to the previous year. The EPS dropped from $3.03 to $1.54, and sales decreased from $160.4 million to $147 million.
October 30, 2024 | 9:16 pm
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Preformed Line Products reported a significant decline in Q3 earnings and sales, with EPS falling from $3.03 to $1.54 and sales decreasing from $160.4M to $147M year-over-year.
The substantial decrease in both EPS and sales indicates weaker financial performance, which is likely to negatively impact investor sentiment and the stock price in the short term.
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