MiT's Earnings Break Even in Q1 Amid Revenue and Demand Struggles
Moving iMage Technologies(MITQ) ZACKS·2024-11-19 02:20
Shares of Moving iMage Technologies, Inc. (MITQ) have declined 6.7% since the company reported its earnings for the quarter ended Sept. 30, 2024. This compares to the S&P 500 index’s 2% decline over the same time frame. Over the past month, the stock has fallen 4.2% versus the S&P 500’s 0.6% growth.For the first fiscal quarter of 2025, MiT posted break-even earnings per share compared to earnings of 4 cents per share recorded in the prior-year quarter. MiT reported total revenues of $5.3 million, reflecting ...