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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100