GigaMedia Q2 EPS $(0.05) Up From $(0.10) YoY, Sales $1.03M Down From $1.36M YoY
Portfolio Pulse from Benzinga Newsdesk
GigaMedia reported Q2 losses of $0.05 per share, a 50% improvement from the same period last year. However, sales decreased by 24.43% to $1.03 million compared to $1.36 million last year.
July 31, 2023 | 1:19 pm
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GigaMedia's Q2 earnings show a decrease in losses but a significant drop in sales compared to last year.
While GigaMedia's losses have decreased, indicating improved operational efficiency, the significant drop in sales could be a concern for investors. This mixed result makes the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100