AstroNova's Q3 Results: Mixed Performance & Stock Decline

AstroNova Incorporated, a Rhode Island-based firm specializing in printers and electronic instruments, reported a net income of $378,000 for the fiscal third quarter, translating to $0.05 per share. After adjusting for one-time expenses and asset impairment costs, earnings per share rose to $0.20. The company generated a total revenue of $39.2 million during this period. Looking ahead, AstroNova projects revenue between $36 million and $41 million for the current quarter and between $149 million and $154 million for the full fiscal year. Despite these projections, the companys stock has seen a significant decline, with shares falling by 40% since the beginning of the year and by 58% over the past twelve months.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.