Everspin Technologies Q3 2023 EPS $0.11 Misses $0.12 Estimate, Sales $16.47M Beat $15.95M Estimate
Portfolio Pulse from totan@benzinga.com
Everspin Technologies (NASDAQ:MRAM) reported Q3 2023 earnings of $0.11 per share, missing the analyst consensus estimate of $0.12 by 8.33%. However, the company's quarterly sales of $16.47 million beat the estimate of $15.95 million by 3.24%. This represents a 22.22% increase in earnings and an 8.04% increase in sales compared to the same period last year.
November 01, 2023 | 8:26 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Everspin Technologies' Q3 2023 earnings missed estimates but sales beat expectations. This mixed result could lead to uncertain short-term price movements.
Everspin Technologies' earnings miss could negatively impact the stock price, but the sales beat could offset this. The net effect on the stock price is uncertain in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100