Navitas Semiconductor sees Q1 2024 Revenue $23M ± 500K Vs $24.693M Est.
Portfolio Pulse from Benzinga Newsdesk
Navitas Semiconductor projects its Q1 2024 revenue to be around $23 million, plus or minus $500,000, which is below the estimated $24.693 million.
February 29, 2024 | 9:34 pm
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Navitas Semiconductor expects its Q1 2024 revenue to be approximately $23 million, missing the analysts' expectations of $24.693 million.
Navitas Semiconductor's projected revenue for Q1 2024 is below the market expectations, which could lead to negative investor sentiment and potentially decrease the stock price in the short term. The revenue miss, although not significantly below the estimate, indicates a potential slowdown or challenges in the company's operations or market demand for its products.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100