SemiLEDs Q2 EPS $(0.11), Same YoY, Sales $886.00K Down From $1.15M YoY
Portfolio Pulse from Benzinga Newsdesk
SemiLEDs reported its Q2 earnings with a per-share loss of $(0.11), unchanged from the previous year, and a 23.09% decrease in sales to $886.00K from $1.15M YoY.
April 03, 2024 | 8:22 am
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SemiLEDs reported a Q2 EPS of $(0.11), unchanged YoY, with sales decreasing by 23.09% to $886.00K from $1.15M.
The unchanged EPS indicates stability in losses, however, the significant drop in sales by 23.09% is likely to be viewed negatively by investors, potentially leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100