Eltek Q2 EPS $0.22 Beats $0.20 Estimate, Sales $11.04M Beat $10.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eltek (NASDAQ:ELTK) reported Q2 earnings of $0.22 per share, beating the analyst consensus estimate of $0.20 by 10%. This is a 69.23% increase from the same period last year. The company also reported quarterly sales of $11.04 million, beating the analyst consensus estimate of $10.90 million by 1.31%. This is a 21.50% increase from the same period last year.
August 21, 2023 | 11:04 am
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POSITIVE IMPACT
Eltek's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price in the short term.
Eltek's Q2 earnings and sales have exceeded analyst estimates, which is typically a positive signal for investors. This strong financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100