Orbit International Corp. Reports 2024 Third Quarter Results
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Orbit International Corp. reported its third quarter 2024 results, showing a decrease in net income to $558,000 ($0.17 per diluted share) compared to $762,000 ($0.23 per diluted share) in the same period last year.
November 07, 2024 | 2:00 pm
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Orbit International Corp. reported a decrease in net income for Q3 2024, with earnings per share dropping from $0.23 to $0.17 compared to the previous year.
The decrease in net income and earnings per share suggests a weaker financial performance compared to the previous year, which could negatively impact investor sentiment and the stock price in the short term.
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