Cemtrex stock soars to lead Nasdaq gainers after Q2 results [MarketWatch]
Cemtrex Inc. (CETX)
Last cemtrex inc. earnings: 8/19 05:03 pm
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cemtrex.com/investor-relations
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Source: MarketWatch
Cemtrex stock soars to lead Nasdaq gainers after Q2 results Shares of Cemtrex Inc. ctex shot up 71% on heavy volume to pace all Nasdaq gainers Tuesday, after the provider of manufacturing services and engineered electronics reported a narrower second-quarter loss, a rise in revenue and said it expects improvement to profitability over the next few quarters. Trading volume jumped to over 10.6 million shares, compared with the full-day average of about 342,000 shares. The net loss narrowed to $3.1 million, or $1.59 a share, from $4.1 million, or $2.41 a share, in the same period a year ago, while total revenue grew to $22.45 million from $19.16 billion. The company said expenses increased during the quarter because of one-time finance and legal charges. "We have implemented a number of changes in our organization to focus on increasing cash flow from operations which have already started to materialize," said Chief Executive Saagar Govil. The stock has still tumbled 44% year to date,
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CETX
News
- Cemtrex, Inc. (NASDAQ: CETX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Cemtrex, Inc. (NASDAQ: CETX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Cemtrex's Advanced Industrial Services Secures New Orders Totaling $2.1 Million [Yahoo! Finance]Yahoo! Finance
- Cemtrex’s Advanced Industrial Services Secures New Orders Totaling $2.1 MillionGlobeNewswire
- Cemtrex, Inc. (NASDAQ: CETX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
CETX
Sec Filings
- 3/27/24 - Form DEF
- 3/21/24 - Form 25-NSE
- 3/18/24 - Form 8-K
- CETX's page on the SEC website