RF Industries(NASDAQ:RFIL) stock fell by 4.5% after the company reported their Q3 earnings results on Monday, September 13, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
RF Industries beat their estimated earnings by 62.5%, which surprised analysts.
Revenue was up $5,713,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.48, which was followed by a 0.88% drop in the share price the next day.
Here’s a look at RF Industries’s past performance and the resulting price change:
Price Change %
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
RF Industries management provided guidance for their next quarterly earnings announcement, forecasting between $0.07 and $0.08 during Q4, 2019.
This presents a -42.31% in quarter-over-quarter growth for RF Industries, a bearish signal to many investors.
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