Autoscope Technologies Corporation Up 3.83% To $4.34 After Earnings

Thursday, November 17, 2022 - Autoscope Technologies Corporation (AATC) reported upside earnings and revenues today.

Autoscope Technologies Corporation's earnings came in at an EPS of $0.12 per share. The firm's earnings are up 9% since reporting $0.11 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $3.2 million. That revenue figure represents a 3.58% decrease from the year ago quarter.

The stock is up 3.83% to $4.34 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Trading in the five days leading up to the report earned Autoscope Technologies Corporation a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 9.

Autoscope Technologies Corp is engaged in improving safety and efficiency for cities and highways by developing and delivering above-ground detection technology, applications, and solutions. It provides Intelligent Transportation Systems professionals precise and accurate information, including real-time reaction capabilities and in-depth analytics to make confident and proactive decisions.