Pixelworks Q2 Adj EPS $(0.09) Beats $(0.10) Estimate, Sales $13.61M Beat $13.33M Estimate
Portfolio Pulse from totan@benzinga.com
Pixelworks reported Q2 adjusted EPS of $(0.09), beating the estimate of $(0.10) by 10%. The company's quarterly sales were $13.61M, surpassing the estimate of $13.33M by 2.06%. However, this represents a 50% decrease in EPS and a 28.69% decrease in sales compared to the same period last year.
August 08, 2023 | 8:20 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Pixelworks' Q2 results exceeded estimates, but showed significant year-over-year decreases.
While Pixelworks beat estimates for Q2, the significant year-over-year decreases in both EPS and sales could potentially offset any positive impact from the earnings beat. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100