Analysts are keeping a rather bearish stance on Hi-P International following its announcement of a 3.3% y-o-y drop in 1H20 earnings to $24.2 million from $25.0 million in 1H19.
The lower earnings came on the back of a 5.1% y-o-y drop in revenue to $543.8 million, which the company attributed to negative impact from Covid-19 disruptions in 1Q20, but the decrease was partially offset by higher revenue in 2Q20.
