Syntec Optics Stock Drops 36% Since Q3 Earnings Release, Sales Up Y/Y
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Syntec Optics (OPTX) experienced a 36% drop in stock price since its Q3 earnings release. Despite breaking even in earnings and a year-over-year decline, revenue increased by 19.2%, driven by demand in data centers and night vision.

November 19, 2024 | 6:30 pm
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Syntec Optics (OPTX) stock has dropped 36% since its Q3 earnings release. The company reported break-even earnings and a year-over-year decline, but revenue increased by 19.2% due to strong demand in data centers and night vision.
The significant drop in stock price suggests investor disappointment, likely due to the break-even earnings and year-over-year decline, despite a positive revenue increase. The demand in data centers and night vision indicates potential growth areas, but the immediate market reaction is negative.
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