Navitas Semiconductor Q2 Adj EPS $(0.05) Beats $(0.07) Estimate, Sales $18.06M Beat $16.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Navitas Semiconductor (NASDAQ:NVTS) reported Q2 adjusted losses of $(0.05) per share, beating the analyst consensus estimate of $(0.07) by 28.57%. The company also reported quarterly sales of $18.06 million, surpassing the analyst consensus estimate of $16.50 million by 9.47%. This represents a 109.75% increase over sales from the same period last year.
August 14, 2023 | 8:06 pm
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Navitas Semiconductor's Q2 results exceeded analyst expectations, which could positively impact the company's stock in the short term.
Navitas Semiconductor reported better-than-expected Q2 results, both in terms of EPS and sales. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
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