Deswell Industries Reports First-Half Revenue of $33.02 Million Amid Segment Shifts
Deswell Industries (DSWL) reported its first-half financial results, showing a slight revenue decline of 0.6% to $33.02 million compared to the previous year's $33.23 million. The company posted a GAAP earnings per share (EPS) of $0.31 for the period. The results highlight a significant divergence between business segments: the plastic segment experienced robust growth of 17.7%, reaching $5.90 million. However, this momentum was offset by a 3.9% contraction in the electronic segment, which fell to $27.20 million, contributing to overall margin headwinds.
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