Autoscope Reports Y/Y Decline in Q3 Earnings & Revenues
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Autoscope Technologies Corporation (AATC) reported a year-over-year decline in Q3 earnings and revenues. The decrease was attributed to lower sales prices and the earlier fulfillment of a backlog due to improved component availability in 2023.
November 11, 2024 | 4:45 pm
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Autoscope Technologies Corporation reported a decline in Q3 earnings and revenues due to lower sales prices and earlier backlog fulfillment.
The decline in earnings and revenues is a direct result of lower sales prices and the earlier fulfillment of a backlog, which are significant factors for investors. This news is likely to negatively impact AATC's stock price in the short term.
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