Nova LifeStyle Stock Falls Despite Q3 Earnings Uptick Y/Y, Revenues Up
NVMINova .(NVMI) ZACKS·2024-11-19 02:30

Shares of Nova LifeStyle, Inc. (NVFY) have experienced significant declines in the wake of its third-quarter earnings release on Nov. 14, 2024, for the quarter ended Sept. 30. The stock has lost 15.2% since the announcement, sharply underperforming the S&P 500 index’s 2% decline over the same period. Over the past month, NVFY shares have seen a staggering 48.9% loss, a stark contrast to the 0.6% gain in the S&P 500 during that time frame.Key Financial MetricsFor the quarter ended Sept. 30, 2024, Nova LifeSt ...