Ichor Hldgs Q2 Adj EPS $0.02 Down From $0.98 YoY, Sales $185.01M Beat $180.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ichor Holdings (NASDAQ:ICHR) reported Q2 adjusted earnings of $0.02 per share, a 97.96% decrease YoY. The company's quarterly sales were $185.01 million, beating the analyst consensus estimate of $180.02 million by 2.77%, but representing a 43.86% decrease YoY.
August 08, 2023 | 8:15 pm
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Ichor Holdings reported a significant decrease in Q2 earnings YoY, but beat sales estimates. However, sales also decreased YoY.
The significant decrease in earnings YoY is a negative signal for investors, which could lead to a decrease in the stock price. The beat on sales estimates is positive, but the overall decrease in sales YoY is also a negative signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100