Data I/O Q2 EPS $0.03 Up From $(0.08) YoY, Sales $7.40M Beat $6.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Data I/O reported Q2 earnings of $0.03 per share, a 137.5% increase YoY. The company's quarterly sales were $7.40 million, beating the analyst consensus estimate of $6.78 million by 9.14%. This is a 55.17% increase over sales of $4.77 million the same period last year.
July 27, 2023 | 8:28 pm
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POSITIVE IMPACT
Data I/O's Q2 earnings and sales beat estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Data I/O's Q2 earnings and sales have exceeded estimates, which is a positive signal for investors. This strong financial performance could increase investor confidence and potentially lead to a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100