NNBR (NASDAQ) released its Q4 earnings on March 11, 2024, revealing some key points from the announcement:
Earnings:
– NN reported an EPS of $-0.1, missing estimated earnings by -25.0%.
– Revenue saw a decrease of $5.48 million compared to the same period last year.
Past Earnings Performance:
– Last quarter, NN surpassed EPS estimates by $0.07, leading to a 0.0% increase in share price the following day.
– Previous quarterly performances include:
– Q3 2023: EPS Estimate -0.06, EPS Actual 0.01
– Q2 2023: EPS Estimate -0.06, EPS Actual -0.08
– Q1 2023: EPS Estimate -0.07, EPS Actual -0.12
– Q4 2022: EPS Estimate -0.02, EPS Actual -0.12
For a more comprehensive analysis of NN’s financial results and performance, you can access information from Yahoo Finance.
This summary offers insight into NN’s recent financial standing, showcasing where the company has either exceeded or fallen short of expectations in its earnings reports.
NN Inc. (NNBR) Stock Shows Strong Performance on March 11, 2024 – Potential for Continued Growth
On March 11, 2024, NN Inc. (NNBR) showed strong performance in the stock market. The stock closed at $5.07, which was near the top of its 52-week range and above its 200-day simple moving average. This indicates that NNBR has been experiencing positive price momentum and could potentially continue to perform well in the future.
Throughout the trading day, NNBR saw a price increase of $0.21, representing a 4.32% rise from the previous close. This significant increase in share price indicates that investors were bullish on NNBR and were willing to pay a higher price for the stock. However, it is important to note that the stock dropped $0.18 in after-hours trading, which could potentially impact its performance in the following trading day.
Overall, NNBR’s strong performance on March 11, 2024, suggests that the company may be experiencing positive developments or news that are driving investor confidence. Investors should continue to monitor NNBR’s stock performance in the coming days to see if it can sustain its momentum and potentially continue to deliver positive returns.
NN, Inc. (NNBR) Stock Performance: Revenue Up, Net Loss Narrows – March 11, 2024 Analysis
On March 11, 2024, NN, Inc. (NNBR) stock had mixed performances based on the latest financial data provided by CNN Money. The company reported a total revenue of $498.74 million for the past year, which represented a 4.43% increase compared to the previous year. However, the total revenue remained flat at $124.44 million for the last quarter.
In terms of net income, NN, Inc. reported a net loss of $26.10 million for the past year, marking an 80.92% decrease from the previous year. On the other hand, the net loss narrowed to $5.06 million for the last quarter, indicating a 64.83% improvement compared to the previous quarter.
Earnings per share (EPS) also showed mixed results for NN, Inc. The company reported an EPS of -$0.83 for the past year, which represented a 1.48% increase compared to the previous year. The EPS improved to -$0.18 for the last quarter, reflecting a significant 53.36% increase from the previous quarter.
Overall, NN, Inc.’s stock performances on March 11, 2024, were a mix of positive and negative trends. While the total revenue increased compared to the previous year, the company continued to report a net loss. However, the narrowing of the net loss and the improvement in EPS for the last quarter indicate some positive developments for NN, Inc. investors.
