Recap: Lantronix Q2 Earnings
Portfolio Pulse from Benzinga Insights
Lantronix (NASDAQ:LTRX) reported its Q2 earnings on February 8, 2024, with an EPS of $0.08, matching estimates. Revenue increased by $5.53 million year-over-year. Last quarter, a beat on EPS estimates led to a 20% share price increase the following day. Historical earnings data shows fluctuating performance over recent quarters.
February 08, 2024 | 9:15 pm
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Lantronix reported Q2 earnings with an EPS of $0.08, in line with estimates, and a significant year-over-year revenue increase.
Matching EPS estimates typically stabilizes stock prices, but the significant year-over-year revenue increase and historical context of a 20% stock price increase following last quarter's earnings beat suggest a positive short-term impact. Investors may anticipate continued growth, influencing a positive market reaction.
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