Why Power Modules Manufacturer Vicor's Shares Are Plunging Today
Portfolio Pulse from Lekha Gupta
Vicor Corp's shares have dropped by around 15% following the release of their Q3 FY23 results. Despite revenues rising 4.6% Y/Y to $107.8 million and EPS of $0.37 exceeding the consensus of $0.31, the company's backlog decreased by 53.0% Y/Y. The company's gross margin increased and operating cash flow stood at $23.8 million.
October 25, 2023 | 11:22 am
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Vicor Corp's shares have dropped following their Q3 FY23 results. Despite positive financial results, the company's backlog has decreased significantly.
Vicor Corp's shares have dropped despite positive Q3 FY23 results. This is likely due to the significant decrease in the company's backlog, which may have raised concerns among investors about the company's future performance.
CONFIDENCE 90
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