Taylor Devices Q2 Earnings Fall 39% Y/Y, Shares Drop 2%
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Taylor Devices reported a 39% year-over-year drop in earnings per share for the fiscal second quarter, primarily due to lower sales. Despite this, the company has a strong backlog growth, suggesting potential recovery opportunities in key markets. Following the earnings report, shares of Taylor Devices fell by 2%.
January 07, 2025 | 6:30 pm
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Taylor Devices reported a significant 39% decline in Q2 earnings per share due to lower sales, but a strong backlog growth indicates potential recovery. Shares dropped 2% following the report.
The 39% drop in EPS is a significant negative indicator for Taylor Devices, reflecting lower sales performance. However, the strong backlog growth provides a positive outlook for future recovery. The immediate market reaction was a 2% drop in share price, indicating investor concern over the earnings decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100