Vicor Q1 2024 GAAP EPS $0.06, Inline, Sales $83.872M Miss $84.833M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vicor reported Q1 2024 earnings of $0.06 per share, meeting analyst estimates but marking a 76% decrease from the previous year. Sales were $83.872M, missing estimates by 1.13% and showing a 14.26% decrease from the previous year.

April 23, 2024 | 8:29 pm
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Vicor's Q1 2024 earnings met expectations at $0.06/share, despite a significant decrease from last year. Sales fell short of estimates, indicating potential challenges.
Meeting EPS estimates typically stabilizes investor confidence, but the significant year-over-year decline in earnings and sales missing estimates could lead to negative investor sentiment in the short term. The decrease in sales and earnings compared to the previous year suggests underlying challenges that may affect the stock price negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100