Valens Semiconductor Q3 Adj. EPS $(0.08) Beats $(0.09) Estimate, Sales $14.17M Beat $14.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Valens Semiconductor (NYSE:VLN) reported Q3 adjusted EPS of $(0.08), beating the estimate of $(0.09) by 11.11%. However, this represents a 300% decrease from the same period last year. The company's quarterly sales of $14.17M also beat the estimate of $14.09M by 0.54%, but this is a 38.78% decrease from last year.
November 08, 2023 | 11:11 am
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NEUTRAL IMPACT
Valens Semiconductor's Q3 results beat estimates but show significant year-over-year decreases. This mixed performance could lead to uncertainty among investors.
While Valens Semiconductor beat estimates for Q3, the significant year-over-year decreases in both EPS and sales could lead to uncertainty among investors. This could potentially impact the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100