Seiko Epson Q2 EPS $0.04 Down From $0.08 YoY, Sales $2.27B Up From $2.24B YoY
Portfolio Pulse from totan@benzinga.com
Seiko Epson reported a 50% decrease in Q2 EPS to $0.04, despite a 1.25% increase in sales to $2.27 billion compared to the same period last year.
November 01, 2024 | 9:51 am
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Seiko Epson's Q2 earnings per share decreased by 50% to $0.04, while sales increased by 1.25% to $2.27 billion compared to the previous year.
The significant drop in EPS by 50% is likely to negatively impact investor sentiment, despite a slight increase in sales. This suggests potential issues with profitability or cost management, leading to a likely short-term decline in stock price.
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IMPORTANCE 80
RELEVANCE 100