LightPath Technologies Q2 2024 GAAP EPS $(0.05) Misses $(0.04) Estimate, Sales $7.32M Miss $7.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
LightPath Technologies (LPTH) reported Q2 2024 earnings with a GAAP EPS of $(0.05), missing the $(0.04) estimate, and sales of $7.32M, missing the $7.62M estimate. This represents a 13.67% decrease in sales compared to the same period last year.
February 08, 2024 | 9:06 pm
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LightPath Technologies reported lower than expected Q2 2024 earnings and sales, missing estimates and showing a significant decrease in sales year-over-year.
Missing both EPS and sales estimates, especially with a significant year-over-year sales decrease, is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100