Akoustis Technologies Q2 Adj EPS $(0.19) Misses $(0.18) Estimate, Sales $7.02M Beat $6.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Akoustis Technologies (AKTS) reported Q2 adjusted EPS of $(0.19), missing the $(0.18) estimate, but sales of $7.02M exceeded the $6.99M estimate, marking a 19.64% increase from last year.
February 13, 2024 | 12:04 pm
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NEUTRAL IMPACT
Akoustis Technologies reported a slight miss on adjusted EPS but exceeded sales estimates with a significant year-over-year growth.
While the EPS miss might concern some investors, the beat on sales estimates and the significant year-over-year growth in sales could offset negative sentiment. The mixed results present a neutral outlook in the short term as investors weigh the implications of both the earnings miss and the sales beat.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100