EMCORE Q1 2024 Adj EPS $(0.03) Misses $(0.02) Estimate, Sales $24.12M Miss $27.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
EMCORE (NASDAQ:EMKR) reported Q1 2024 adjusted EPS of $(0.03), missing the $(0.02) estimate, with sales of $24.12M also missing the $27.00M estimate. This represents a 3.33% decrease in sales compared to the same period last year.
February 08, 2024 | 9:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
EMCORE reported a Q1 2024 adjusted EPS of $(0.03), missing estimates, and sales of $24.12M, also below expectations. Sales decreased by 3.33% compared to last year.
Missing both EPS and sales estimates, especially in a competitive market, typically leads to negative investor sentiment and can result in a decrease in stock price in the short term. The year-over-year decrease in sales further compounds the negative outlook, indicating potential underlying issues in sales growth or market demand.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100