Lantronix Sees FY24 Adj. EPS $0.50-$0.60 vs $0.55 Est., Revenue $175M-$185M vs $177.25M Est.
Portfolio Pulse from Benzinga Newsdesk
Lantronix has projected its FY24 adjusted EPS to be between $0.50-$0.60, compared to the estimated $0.55. The company also expects its revenue to be between $175M-$185M, versus the estimated $177.25M.
November 08, 2023 | 11:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Lantronix's FY24 adjusted EPS and revenue forecasts are in line with estimates, which could potentially stabilize the stock price.
Lantronix's FY24 adjusted EPS and revenue forecasts are in line with the estimates. This indicates that the company's performance is as expected, which could potentially stabilize the stock price in the short term as it reduces uncertainty for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100