Intevac Q4 Adj EPS $(0.07) Beats $(0.12) Estimate, Sales $12.91M Beat $9.70M Estimate
Portfolio Pulse from bharat@benzinga.com
Intevac (NASDAQ:IVAC) reported Q4 adjusted EPS of $(0.07), surpassing the $(0.12) estimate, and sales of $12.91M, exceeding the $9.70M estimate. This represents a 46.15% improvement in EPS and a 14.63% increase in sales year-over-year.
February 05, 2024 | 9:22 pm
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Intevac reported a significant beat on both EPS and sales estimates for Q4, indicating strong performance and potential growth.
Intevac's better-than-expected Q4 earnings and sales figures suggest operational efficiency and market demand. Beating EPS and sales estimates by a wide margin typically leads to positive investor sentiment and could result in a short-term stock price increase.
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