Espey Shares Down Despite Solid Y/Y Q1 Earnings Growth
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Espey Manufacturing & Electronics Corp. (ESP) reported strong year-over-year earnings growth for Q1 2025, with a 21.9% increase in revenue driven by a strong backlog. Despite this, shares are down due to a dip in new orders, though management expects a recovery.
November 15, 2024 | 7:15 pm
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Espey Manufacturing & Electronics Corp. (ESP) reported a strong fiscal Q1 2025 with a 21.9% revenue increase, but shares fell due to a decline in new orders. Management is optimistic about recovery.
Despite strong earnings and revenue growth, ESP shares fell due to a decline in new orders, which is a concern for future revenue. However, management's optimism about recovery could mitigate long-term impact.
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