Data I/O Q4 2023 GAAP EPS $0.02, Sales $6.87M Beat $6.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Data I/O (NASDAQ:DAIO) reported Q4 2023 GAAP EPS of $0.02 and sales of $6.87M, surpassing the $6.79M estimate. This represents a 5.46% decrease in sales compared to the same period last year.
February 22, 2024 | 9:09 pm
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POSITIVE IMPACT
Data I/O reported Q4 2023 earnings with a slight EPS of $0.02 and sales of $6.87M, beating estimates but showing a sales decrease from last year.
Beating the earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the reported decrease in sales year-over-year might temper investor enthusiasm, suggesting a cautious optimism for DAIO's stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100