EMCORE Q3 EPS $(0.13), Inline, Sales $26.70M Beat $26.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
EMCORE (NASDAQ:EMKR) reported Q3 losses of $(0.13) per share, in line with analyst consensus. This is a 23.53% increase over losses from the same period last year. The company's quarterly sales of $26.70M beat the analyst consensus estimate of $26.02M by 2.61%, marking a 12.77% increase over sales from the same period last year.
August 08, 2023 | 9:09 pm
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POSITIVE IMPACT
EMCORE's Q3 earnings report shows losses in line with estimates but sales exceeding expectations, indicating a potential positive impact on the stock.
EMCORE's Q3 earnings report shows losses in line with estimates, which is a neutral factor for the stock. However, the company's sales exceeded expectations, which is a positive factor. The increase in sales YoY also indicates a positive trend for the company. Therefore, the news is likely to have a positive impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100