NAPCO Security Technologies Inc. ( NSSC ) reported a year-on-year increase in profits for the first quarter, exceeding analysts' expectations.
The company's net income amounted to 12.17 million US dollars, or 0.34 US dollars per share. In the previous year, it amounted to USD 11.19 million or USD 0.30 per share.
On average, analysts had expected earnings of USD 0.30 per share. Analysts' estimates usually exclude special effects.
The company's turnover rose by 11.8% to USD 49.17 million in this period, compared to USD 44.00 million in the previous year.
Profit overview of NAPCO Security Technologies Inc (GAAP):
- Net income: $12.17 million compared to $11.19 million in the prior year.
- Earnings per share: $0.34 compared to $0.30 in the previous year.
- Revenue: $49.17 million compared to $44.00 million in the previous year.
Am I looking at Cup and Handle @TomTurboInvest ??
A "cup and handle" chart pattern is a bullish formation that signals a potential continuation of an uptrend. It consists of a U-shaped "cup", which represents a longer downtrend after the uptrend, followed by a shorter, downward consolidation, the "handle". An upward breakout above the handle is considered a buy signal.
