SemiLEDs Q1 EPS $(0.12) Down From $(0.11) YoY, Sales $1.65M Down From $1.70M YoY
Portfolio Pulse from Benzinga Newsdesk
SemiLEDs Corporation reported a year-over-year decline in its Q1 earnings per share (EPS) from $(0.11) to $(0.12), a 9.09% decrease. Sales also decreased by 2.65% from $1.70 million to $1.65 million compared to the same quarter last year.
January 12, 2024 | 8:06 am
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NEGATIVE IMPACT
SemiLEDs reported a decrease in both EPS and sales compared to the same period last year, indicating a potential negative impact on investor sentiment.
The reported decrease in EPS and sales is typically seen as a negative indicator of a company's financial health and performance, which could lead to a decline in stock price in the short term. Given that the decreases are relatively small, the impact might be moderate, but it still suggests a negative trend that investors will likely consider.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100