Silicom Q3 Adj EPS $0.30 Beats $0.23 Estimate, Sales $30.06M Beat $29.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicom (NASDAQ:SILC) reported Q3 earnings of $0.30 per share, beating the analyst consensus estimate of $0.23 by 30.43%. However, this is a 70.3% decrease from the same period last year. The company also reported quarterly sales of $30.06 million, beating the estimate of $29.76 million by 1.00%, but this is a 23.26% decrease from the same period last year.
October 26, 2023 | 12:03 pm
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NEUTRAL IMPACT
Silicom's Q3 earnings and sales exceeded estimates, but both showed significant decreases compared to the same period last year.
While Silicom beat estimates for Q3, the significant YoY decreases in both earnings and sales could potentially offset any positive impact from beating estimates. The market's reaction will likely depend on whether investors focus more on the beat or the YoY decreases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100