Camtek Q2 Adj EPS $0.45 Beats $0.42 Estimate, Sales $73.76M Beat $72.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Camtek reported Q2 earnings of $0.45 per share, beating the analyst consensus estimate of $0.42 by 7.14%. However, this is a 2.17% decrease from the same period last year. The company also reported quarterly sales of $73.76 million, beating the estimate of $72.38 million by 1.90%, but this is a 7.31% decrease from last year.
July 31, 2023 | 11:11 am
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NEUTRAL IMPACT
Camtek's Q2 earnings and sales beat estimates but show a decrease from the same period last year.
While Camtek beat analyst estimates for Q2 earnings and sales, the decrease from the same period last year could potentially concern investors. This mixed result makes the short term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100