Akoustis Technologies Q4 Adj EPS $(0.21) Misses $(0.17) Estimate, Sales $8.33M Miss $8.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Akoustis Technologies reported Q4 losses of $(0.21) per share, missing the analyst consensus estimate of $(0.17) by 23.53%. The company also reported quarterly sales of $8.33 million, missing the analyst consensus estimate of $8.44 million by 1.27%. However, this represents a 60.25% increase over sales from the same period last year.
September 06, 2023 | 11:01 am
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Akoustis Technologies' Q4 results missed analyst estimates, which could negatively impact the stock price in the short term.
Akoustis Technologies reported lower than expected earnings and sales for Q4. This could lead to a decrease in the stock price as it indicates the company's performance was not as strong as expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100