Recap: Navitas Semiconductor Q4 Earnings
Portfolio Pulse from Benzinga Insights
Navitas Semiconductor (NASDAQ:NVTS) reported Q4 earnings, beating estimated earnings by 20.0% with an EPS of $-0.04 versus an estimate of $-0.05. Revenue increased by $13.71 million from the same period last year. The company has a history of beating EPS estimates, which previously led to a 10.0% share price increase the following day.
February 29, 2024 | 9:05 pm
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Navitas Semiconductor reported a 20.0% earnings beat for Q4 with an EPS of $-0.04, and a significant year-over-year revenue increase. Historical data shows past earnings beats have positively impacted share price.
Navitas Semiconductor's Q4 earnings beat and historical performance suggest a positive short-term impact on its stock price. Past earnings beats have been followed by share price increases, indicating a potential repeat of this pattern.
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IMPORTANCE 90
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