Sterling Consolidated Corp  (STCC)
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Very decent effort by STCC in the April to June 30 2022 time-frame

STCC reported second quarter of 2022 operating income of $0.197989 millions

Published 2022-08-24T10:26:00+00:00
Goran Soko / CSIMarket.com Contributer

Bordeln_By_Willy_Stahl,_RAS_Reinhardt_Maschinenbau_GmbH__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsFor the financial interval closing June 30 2022 STCC reached balanced books of $0.00 per share compare to $0.01 a year before and from $0.00 per share from the previous financial reporting period.

Revenues jumped by 43.74 % to $3.81 millions from $2.65 millions in the corresponding financial reporting period a year before and sequentially Revenues improved by 28.824 % from $2.96 millions.

Earnings of $0.136 millions in the financial interval closing June 30 2022 fell by -70.37 % from balanced books in the corresponding period a year before. Sterling Consolidated Corp shifted it's focus on improving sales in the financial interval closing June 30 2022, as a result net margin eased to 3.57%.
Operating earnings, fell -9.89% to $0.197989 millions, squeezing Sterling Consolidated Corp's operating margin to %.

Sterling Consolidated Corp is expected to report next financial earnings on July 14, 2023.

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