Navitas Semiconductor Q3 Adj. EPS $(0.04), Revenue $22M vs $21M Est.
Portfolio Pulse from Benzinga Newsdesk
Navitas Semiconductor reported Q3 adjusted EPS of $(0.04), with revenue of $22M, slightly above the estimated $21M.
November 09, 2023 | 9:21 pm
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POSITIVE IMPACT
Navitas Semiconductor's Q3 earnings report shows a slight beat on revenue estimates, which could be seen as a positive sign by investors.
Navitas Semiconductor's Q3 revenue exceeded estimates, which is generally viewed positively by the market. This could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100