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Flux Power Shares Decline After Fiscal Q3 Results Miss Estimates
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Flux Power Shares Decline After Fiscal Q3 Results Miss Estimates
May 10, 2024 11:24 AM

02:07 PM EDT, 05/10/2024 (MT Newswires) -- Flux Power Holdings ( FLUX ) shares were down 25.5% in recent trading Friday, a day after the company reported its fiscal Q3 results below consensus.

The company reported a fiscal Q3 loss of $0.16 per diluted share, widening from a loss of $0.09 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.10.

Revenue for the quarter ended March 31 was $14.5 million, down from $15.1 million a year earlier.

Three analysts surveyed by Capital IQ expected $15.7 million.

Price: 3.42, Change: -1.17, Percent Change: -25.44

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