RF Industries is trading 5.4% down at $8.56 after adjusted third-quarter EPS came in at $0.19 versus a $0.20 estimate.
- Revenue, margins, EBITDA, and backlog improved, but bookings trailed quarterly sales, resulting in a 0.94 book-to-bill ratio and limited visibility.
- The decline follows September 14’s 12.31% drop amid broader technology weakness, elevated Treasury yields, and risk-off sentiment.
- Management guided fourth-quarter sales to roughly match or exceed $24 million.