SkyWater Technology Q2 Adj EPS $(0.14) Misses $(0.09) Estimate, Sales $69.81M Beat $64.30M Estimate
Portfolio Pulse from mahesh@benzinga.com
SkyWater Technology (NASDAQ:SKYT) reported Q2 losses of $(0.14) per share, missing the analyst consensus estimate of $(0.09) by 55.56%. However, the company's quarterly sales of $69.81 million beat the estimate of $64.30 million by 8.57%. This represents a 47.26% increase over sales from the same period last year.
August 07, 2023 | 8:33 pm
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SkyWater Technology's Q2 earnings per share missed estimates, but sales exceeded expectations and showed a significant YoY increase.
SkyWater Technology's Q2 earnings per share missed estimates, which could negatively impact investor sentiment. However, the company's sales exceeded expectations and showed a significant YoY increase, which could offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100