LightPath Technologies: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
LightPath Technologies (NASDAQ:LPTH) reported Q1 earnings, missing estimated earnings by 33.33% with an EPS of $-0.04 versus an estimate of $-0.03. However, revenue was up $710 thousand from the same period last year. Last quarter, the company also missed on EPS by $0.01, which was followed by a 4.57% drop in the share price the next day.
November 09, 2023 | 9:10 pm
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LightPath Technologies missed Q1 earnings estimates by 33.33%, which could negatively impact the stock price in the short term. However, the increase in revenue YoY might offset some of the negative impact.
Historically, LightPath's stock price has reacted negatively to missed earnings estimates. Last quarter, a miss on EPS led to a 4.57% drop in the share price. Although the company reported an increase in revenue, the missed earnings estimate is likely to have a more significant impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100