QuickLogic Q4 2023 Adj EPS $0.18 Beats $0.13 Estimate, Sales $7.48M Beat $7.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
QuickLogic (NASDAQ:QUIK) reported Q4 2023 adjusted EPS of $0.18, surpassing the $0.13 estimate, and sales of $7.48M, exceeding the $7.40M estimate. This represents a 550% increase in EPS and an 83.13% increase in sales compared to the same period last year.
February 27, 2024 | 9:54 pm
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QuickLogic reported a significant beat on both EPS and sales estimates for Q4 2023, with a 550% increase in EPS and an 83.13% increase in sales year-over-year.
The substantial beat on both earnings per share and sales estimates, coupled with the impressive year-over-year growth, is likely to positively influence investor sentiment and drive up the stock price of QuickLogic in the short term. The magnitude of the beat and growth rates are significant indicators of the company's performance and potential future growth, making this news highly relevant and important to investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100