QuickLogic Q3 Adj EPS $0.13 Misses $0.14 Estimate, Sales $6.67M Beat $6.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
QuickLogic (NASDAQ:QUIK) reported Q3 adjusted earnings of $0.13 per share, missing the consensus estimate of $0.14 by 7.14%. However, sales of $6.67M exceeded estimates of $6.50M by 2.54%, marking a 92.69% increase from the same period last year. Last year's Q3 saw losses of $(0.07) per share.
November 14, 2023 | 9:08 pm
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NEUTRAL IMPACT
QuickLogic reported a mixed Q3 with an EPS miss but a sales beat, showing significant improvement over the previous year's losses.
The EPS miss may negatively impact investor sentiment in the short term, but the sales beat and significant year-over-year growth could offset this. The mixed results present both positive and negative signals to the market, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100