SkyWater Technology Q3 Adj EPS $(0.17) Misses $(0.16) Estimate, Sales $71.62M Beat $66.32M Estimate
Portfolio Pulse from bharat@benzinga.com
SkyWater Technology (NASDAQ:SKYT) reported Q3 losses of $(0.17) per share, missing the analyst consensus estimate of $(0.16) by 6.25 percent. This is a 30.77 percent decrease over losses from the same period last year. However, the company's quarterly sales of $71.62 million beat the analyst consensus estimate of $66.32 million by 8.00 percent, marking a 36.88 percent increase over sales from the same period last year.
November 08, 2023 | 9:38 pm
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SkyWater Technology's Q3 earnings per share missed estimates, but sales beat expectations. This mixed result could lead to uncertain short-term price movements.
SkyWater Technology's Q3 earnings per share missed analyst estimates, which could negatively impact the stock price. However, the company's sales beat estimates, which could have a positive effect. The mixed results make the short-term price direction uncertain.
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