Recap: QuickLogic Q4 Earnings
Portfolio Pulse from Benzinga Insights
QuickLogic (NASDAQ:QUIK) reported Q4 earnings with an EPS of $0.18, beating estimates by 38.0% against an expected $0.13. Revenue increased by $3.40 million from the same period last year. Despite missing EPS estimates last quarter by $0.01, the share price increased by 2.0% the following day. The company has shown varied performance over the past quarters, with fluctuations in both EPS and revenue.
February 27, 2024 | 9:55 pm
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QuickLogic reported a significant beat on Q4 earnings with an EPS of $0.18, surpassing estimates by 38%, and a revenue increase of $3.40 million from the previous year.
The substantial beat on both EPS and revenue expectations for QuickLogic indicates strong financial health and operational efficiency, likely leading to positive investor sentiment and a potential increase in stock price in the short term. Historical data shows a positive share price movement following earnings announcements, even when expectations were not met, suggesting a pattern of resilience and investor confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100