SkyWater Technology Q4 2023 Adj EPS $(0.02) Beats $(0.12) Estimate, Sales $79.15M Beat $74.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
SkyWater Technology (NASDAQ:SKYT) reported Q4 2023 adjusted EPS of $(0.02), surpassing the $(0.12) estimate, with sales of $79.15M exceeding the $74.84M forecast. This represents a 21.61% increase in sales compared to the same period last year.

February 26, 2024 | 9:22 pm
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SkyWater Technology reported a significant beat on both earnings and sales estimates for Q4 2023, with adjusted EPS of $(0.02) against a $(0.12) estimate and sales of $79.15M against a $74.84M estimate.
Beating both earnings and sales estimates significantly, especially by a wide margin as reported, usually leads to positive investor sentiment and can result in a short-term increase in stock price. The substantial year-over-year sales growth further strengthens the positive outlook for SKYT.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100