Arteris Q4 2023 Adj EPS $(0.18) Beats $(0.20) Estimate, Sales $12.50M Beat $11.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arteris (NASDAQ:AIP) reported Q4 2023 adjusted EPS of $(0.18), surpassing the $(0.20) estimate. Sales reached $12.50M, exceeding the $11.84M forecast, marking an 11.61% increase from the previous year.
February 20, 2024 | 9:16 pm
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POSITIVE IMPACT
Arteris reported Q4 2023 adjusted EPS of $(0.18), beating estimates, with sales of $12.50M also surpassing expectations.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term stock price increase. The reported growth in sales compared to the same period last year further strengthens the case for a positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100