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Stock impact report

Sypris Q3 Earnings Rise Y/Y on Defense Demand, 2024 View Updated [Yahoo! Finance]

Sypris Solutions, Inc. (SYPR) 
US:NASDAQ Investor Relations: sypris.com
Company Research Source: Yahoo! Finance
This compares to the S&P 500 index's -0.3% change over the same period. Over the past month, however, Sypris stock moved -7.3%, against the S&P 500's gain of 3.3%, indicating a mixed sentiment among investors despite the quarterly report. For the third quarter of 2024, Sypris reported a net income of $0.4 million, translating to an earnings per share (EPS) of 2 cents, against the net loss of $0.6 million, or a loss of 3 cents per share, in the prior-year quarter. The company reported revenues of $35.7 million, a 6.2% increase from the $33.6 million recorded in the prior-year quarter. This growth was primarily driven by a 13.6% rise in revenues for the Sypris Electronics segment, which benefited from recent contract wins in markets including electronic warfare, subsea communications, and avionics for both aircraft and missiles. Sypris Technologies also contributed with a modest 0.7% increase in revenues. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Show less Read more
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