Silicom Q2 Adj EPS $0.66 Down From $0.70 YoY, Sales $38.13M Miss $38.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicom reported Q2 earnings of $0.66 per share, a decrease of 5.71% YoY. The company's quarterly sales were $38.13 million, missing the analyst consensus estimate of $38.76 million by 1.63%. However, this is an 11.64% increase over sales of $34.15 million from the same period last year.
July 31, 2023 | 12:17 pm
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Silicom's Q2 earnings per share decreased by 5.71% YoY and sales missed analyst estimates by 1.63%, which could negatively impact the stock price in the short term.
Earnings reports are a significant factor in a company's stock price. Silicom's lower than expected earnings and sales could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
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