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M-tron Shares Fall 1.68% Ahead of Earnings Report
The stock lagged the S&P 500 as analysts forecast lower quarterly earnings but higher revenue for M-tron Industries.
Key takeaways
- M-tron closed at $73.04, down 1.68%, while the S&P 500 fell 0.47%.
- Analysts expect quarterly earnings of $0.51 per share and revenue of $15.4 million.
M-tron Industries shares closed at $73.04, down 1.68% in the latest session. The decline was steeper than the S&P 500’s 0.47% loss.
The Dow gained 0.1%, while the Nasdaq fell 1.25%. M-tron shares are down 6.18% over the past month, compared with a 4.19% decline in the Construction sector and a 1.15% gain for the S&P 500.
Ahead of the company’s upcoming earnings report, analysts expect quarterly earnings of $0.51 per share, down 19.05% from a year earlier. Consensus estimates put revenue at $15.4 million, an 8.68% increase.
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This article was produced with the help of AI technology. Source: Yahoo Finance
