Silicom Q4 2023 Adj EPS $(0.07) Misses $(0.03) Estimate, Sales $18.80M Miss $20.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicom (NASDAQ:SILC) reported Q4 2023 adjusted EPS of $(0.07), missing the $(0.03) estimate, with sales of $18.80M also missing the $20.00M estimate. This represents a 58.40% decrease in sales compared to the same period last year.
February 01, 2024 | 1:11 pm
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NEGATIVE IMPACT
Silicom reported a significant miss in both adjusted EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
Missing both EPS and sales estimates significantly, especially with such a drastic year-over-year sales decrease, is likely to negatively impact investor sentiment and the stock price of Silicom in the short term.
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