Intevac Q2 Adj EPS $(0.19) Beats $(0.21) Estimate, Sales $10.30M Beat $8.50M Estimate
Portfolio Pulse from vinayak@benzinga.com
Intevac (NASDAQ:IVAC) reported Q2 losses of $(0.19) per share, beating the analyst consensus estimate of $(0.21) by 9.52%. This is a 90% decrease over losses from the same period last year. The company also reported quarterly sales of $10.30 million, beating the analyst consensus estimate of $8.50 million by 21.19%. This is a 10.68% increase over sales from the same period last year.
August 04, 2023 | 12:13 pm
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POSITIVE IMPACT
Intevac's Q2 results beat analyst estimates, with a smaller loss and higher sales than expected. This could potentially lead to a positive market reaction.
Intevac's Q2 results exceeded analyst expectations, both in terms of EPS and sales. This positive surprise could lead to an increase in the company's stock price in the short term, as it indicates better-than-expected financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100