Camtek: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Camtek (NASDAQ:CAMT) reported Q3 earnings with an EPS of $0.52, surpassing estimates by 8.33% but with a revenue decline of $1.52 million from the previous year. Despite beating EPS estimates in the past quarters, the share price dropped 1.18% following last quarter's earnings beat.
November 14, 2023 | 11:25 am
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Camtek reported higher-than-expected Q3 earnings with an EPS of $0.52, but experienced a revenue decline compared to last year. Historically, the stock price dropped after the last earnings beat.
While Camtek's EPS beat may be seen as positive, the decline in revenue and historical price drop post-earnings beat suggest a neutral short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100