Shares of UFP Technologies (UFPT) are currently down about $30 on the back of announcing some pretty underwhelming Q4 results early yesterday (at least I thought so).
Yesterday investors appeared to have a very different take on those very same results. After announcing before the market, shares of UFPT closed up $22 as everybody apparently considered them pretty decent. The headlines all read that they exceeded revenue expectations by about $3M and “adjusted EPS” beat by a whopping 50 cents, so what’s not to love?
I first pointed out UFPT to subscribers last April 10th when the shares were trading right around where they are currently sitting. Click on the link below to read.
My main takeaway from the earnings release comes from a couple of disclosures the company made right up front in their press release. Sometimes you need to read the 10K or 10Q and do a little math to get this info, but the company was kind enough to disclose it up front.