Arteris Q2 Adj EPS $(0.13) Beats $(0.16) Estimate, Sales $14.73M Beat $13.50M Estimate
Portfolio Pulse from vinayak@benzinga.com
Arteris (NASDAQ:AIP) reported Q2 losses of $(0.13) per share, beating the analyst consensus estimate of $(0.16) by 18.75%. This is a 85.71% decrease over losses from the same period last year. The company also reported quarterly sales of $14.73M, beating the analyst consensus estimate of $13.50M by 9.14%. This is a 0.59% decrease over sales from the same period last year.
August 04, 2023 | 2:23 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Arteris reported better than expected Q2 results, with losses and sales beating analyst estimates. However, both earnings and sales have decreased compared to the same period last year.
While Arteris has beaten analyst estimates for Q2, the decrease in earnings and sales compared to the same period last year could potentially offset any positive impact. The market's reaction will likely depend on future guidance and other factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100