Navitas Semiconductor Q4 2023 Adj EPS $(0.040) Beats $(0.050) Estimate, Sales $26.058M Beat $25.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Navitas Semiconductor (NASDAQ:NVTS) reported Q4 2023 adjusted EPS of $(0.040), beating the $(0.050) estimate, with sales of $26.058M surpassing the $25.400M estimate. This represents a 111.01% increase in sales compared to the same period last year.
February 29, 2024 | 9:03 pm
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Navitas Semiconductor reported a Q4 2023 adjusted EPS of $(0.040), outperforming estimates, and sales of $26.058M, also above expectations. Year-over-year sales growth was 111.01%.
Navitas Semiconductor's better-than-expected Q4 earnings and sales, coupled with a significant year-over-year sales increase, are likely to positively impact investor sentiment and the stock price in the short term. The company's ability to exceed analyst expectations and demonstrate substantial growth compared to the same period last year indicates operational efficiency and market demand for its offerings, which could lead to increased investor confidence.
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