Lantronix Q2 2024 Adj GAAP EPS $0.08, Inline, Sales $37.04M Miss $37.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lantronix (LTRX) reported Q2 2024 earnings of $0.08 per share, meeting analyst estimates, but missed revenue expectations with $37.04M against a $37.59M forecast. This represents a 17.56% increase in sales compared to the same period last year.
February 08, 2024 | 9:15 pm
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Lantronix reported Q2 2024 earnings per share of $0.08, aligning with estimates, but missed revenue forecasts by 1.48%, reporting $37.04M against an expected $37.59M. Year-over-year sales increased by 17.56%.
Meeting EPS estimates typically has a neutral to positive impact on stock price, as it shows the company is performing as expected. However, missing revenue forecasts can create concerns about growth and demand, potentially offsetting the positive EPS news. The significant year-over-year sales increase is a positive indicator, suggesting growth. The mixed results may lead to a neutral short-term impact on LTRX's stock price.
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