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NVE Corp (NVEC) shares dropped 21% after hours because their second-quarter sales fell.

ResultsRead the original at Benzinga
Neutral

NVE's second-quarter sales and profit fell, but first-half sales and profit rose sharply, and it announced a $1 per share quarterly dividend. The report gives no clear reason to favor either period, so its outlook is unchanged.

NVEC · NVE Corp

AI read · Neutral

The AI's read

Lower product sales and profit in the quarter pull one way. Strong six-month sales and profit growth pull the other, and the dividend adds cash for shareholders. The report gives no clear reason to favor either period, so NVE's outlook is unchanged.

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