Coda Octopus: Falls on lower-than-expected Q3 results

Coda Octopus

16/09/2019 17:14

** Subsea sonar technology provider's shares  CODA.O  down
~13% at $9.43
    ** Company reports Q3 EPS of 17 cents vs est 20 cents, hurt
by increase in expenses  urn:newsml:reuters.com:*:nGNX9TXrKc
    ** Also falls short of expectations for Q3 revenue
    ** Company among worst performers across all U.S. exchanges
    ** Despite session losses, stock up ~62% YTD

 (Reporting by Abhishek Manikandan in Bengaluru)
 ((Abhishek.Manikandan@thomsonreuters.com))