RF Industries is trading 12.74% down at $9.01 after cautious forward indicators overshadowed record third-quarter revenue and improved margins.
- Third-quarter revenue was $23.96 million, exceeding estimates, while adjusted EPS reached $0.19.
- Management forecast fourth-quarter sales roughly in line with or above Q3; bookings yielded a 0.94x book-to-bill ratio.
- Broader technology weakness may be adding pressure.