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Steel Connect Inc.  (STCN)
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    Sector • Financial    Industry • Blank Checks
   Industry • Blank Checks
   Sector • Financial
 


Extremely challenging reporting season for STCN during the financial period closing Apr 30 2022

STCN announced third quarter of 2022 operating surplus of $0.031 millions

Published 2022-06-15T09:26:32-04:00
Goran Soko / CSIMarket.com Contributer
For the third quarter of 2022 STCN had turn a round to profitability by posting EPS of $0.50 per share compare to $-0.45 a year ago and earnings per share turned positive from $-0.39 per share from the previous reporting season.

Revenues fell sharply by -66.039 % to $51.55 millions from $151.79 millions in the similar reporting season a year ago and sequentially Revenue Tumbled by -57.271 % from $120.64 millions.




Steel Connect Inc. stand at net earnings of $30.200 millions in the third quarter of 2022 an improvement versus a net deficit of $-27.629 millions in the similar reporting season a year ago. Steel Connect Inc. also emphasized it's improving profit margins, where net margin rose to 58.59% in third quarter of 2022, and operating margin edged up to 0.06%.


Steel Connect Inc. is expected to report next financial recent numbers on October 28, 2022.


    Recently Reported Results
Pipeline_device_By_Audriusa_(Audrius_Meskauskas)_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons Cheniere Energy Inc.

EPS fell while Revenues truly advanced

In the wake of strong Revenue advance of 165.396 % year on year to $8.01 billions in the financial time-frame ending June 30 2022, company's had turn a round to income by presenting Income per Share at $2.90.
Medical_ultrasound_examination_pd Becton Dickinson And Company

Significant Earnings per Share Reduction at the Medical Equipment & Supplies company in the April to June 30 2022 span

For the April to June 30 2022 span Becton Dickinson And Company net profit per share dropped by -31.4 % of $1.18 per share compare to $1.72 a year ago and income faded by -21.33 % from $1.50 per share from the prior quarter.

Revenues sunk by -5.092 % to $4.64 billions from $4.89 billions in the comparable quarter a year ago and sequentially Revenue deteriorated by -7.384 % from $5.01 billions.


29186943363_88cb6b059f_z Comstock Resources Inc.

EPS deteriorated while Revenues truly advanced

Despite astonishing Revenue elevation of 175.32 % year on year to $946.25 millions in the April to June 30 2022, company's had turn a round to surplus by exhibiting Income per Share at $1.36.
Father_and_son_surf_lesson_By_Mike_Baird_[CC-BY-SA-2.0_(http_creativecommons.org_licenses_by-sa_2.0)]_via_Wikimedia_Commons Citizens Inc.

Shortfall on Weak Sales

For the second quarter of 2022 earnings season company posted a shortfall pers stock of $-0.07 per share compare to $0.10 a year before and surged shortfall from $-0.03 per share from the preceding financial reporting period.

Revenues receded substantially by -15.457 % to $53.73 millions from $63.56 millions in the similar financial reporting period a year before and sequentially Revenue decreased by -2.932 % from $55.36 millions.


Montage_By_Michael_Schmahl_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons Construction Spending

Outlays for U.S. construction projects sped up in May 2022

Construction spending increased on the faster pace again, led by increase in residential construction.
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Inflation accelerates in June 2022

Prices increased on the faster pace again, adding to inflationary worries.
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U.S. economy continue to add jobs in May 2022

The nonfarm payrolls grew 390,000 in May 2022, as faster hiring puts more money in the hands of consumers, what usually leads to an increase in spending,

drilling_engineering_lathe_manufacturing_machine_metal_industrial_machining-771478 Curtiss Wright Corporation

Uninspiring times by the company in the financial span closing Jun 30 2022

Although revenue sunk in the financial second quarter of 2022, CW managed to raise its earnings per share, earnings were up by 22.82 % to $1.83 per share while Revenues sunk by -1.953 % to $609.36 millions, year on year.


plant_with_tanks_By_Alexandr_2012_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Common Hawkins Inc.

Very bewildering effort by Hawkins Inc. during the fiscal time-frame ending July 03 2022

Hawkins Inc. delivered very bewildering results in the most recent fiscal period, where Revenues soared by 51.28 % to $246.54 millions, while company's EPS soared by 450.32 % to $0.94 per share, from the comparable reporting period a year prior.
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Impressive Income improvement by 100 % at the Miscellaneous Fabricated Products company during the fiscal period ending June 30 2022

Dmc Global Inc. has truly advanced its recent numbers in the financial time-frame ending June 30 2022 relative to same quarter a year prior, income per share advanced by 100 % to $0.20 and Revenue soared by 153.417 % to $165.83 millions.
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The Real Estate Investment Trusts company reported important Top-line progress, all along the second quarter of 2022 earnings season

Concentrating on the financial time-frame ending June 30 2022 profit per share went up by 31.58 % to $0.75 per share, followed by Revenue increment of 14.02 % to $264.10 millions, compared with the prior year period.


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The Top-line took a nose-dive at FHN all along the second quarter of 2022

For the most recent fiscal period FHN earnings per share plummeted by -45.28 % of $0.29 per share compare to $0.53 a year before and profits fell by -14.71 % from $0.34 per share from the preceding financial reporting period.

Revenues crumbled by -20.513 % to $713.00 millions from $897.00 millions in the comparable financial reporting period a year before and sequentially Revenue decreased by -4.679 % from $748.00 millions.


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The company reported that Revenues were Soft, during the May to July 02 2022 period

For the May to July 02 2022 time-frame Kulicke And Soffa Industries Inc. income per share grew by 11.17 % of $1.99 per share compare to $1.79 a year ago and income improved by 6.99 % from $1.86 per share from the previous reporting season.

Revenues receded extensively by -12.298 % to $372.14 millions from $424.32 millions in the same reporting season a year ago and sequentially Revenue decreased by -3.16 % from $384.28 millions.




Other STCN's Earnings Reports

Steel Connect reported second quarter 2022 earnings

Steel Connect reported first quarter 2021 earnings

Steel Connect reported fourth quarter 2021 earnings
       
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