Intevac Q1 2024 Adj EPS $(0.10) Beats $(0.17) Estimate, Sales $9.631M Beat $6.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Intevac (NASDAQ:IVAC) reported Q1 2024 adjusted EPS of $(0.10), surpassing the $(0.17) estimate, with sales of $9.631M exceeding the $6.500M forecast. This represents a 37.5% improvement in EPS and a 16.56% decrease in sales year-over-year.
April 25, 2024 | 11:32 am
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POSITIVE IMPACT
Intevac reported a smaller Q1 2024 loss than expected and higher sales, indicating potential positive momentum for its stock.
Intevac's better-than-expected Q1 2024 earnings and sales beat indicate operational efficiency and market demand. The significant beat on both top and bottom lines could lead to positive investor sentiment and a potential uptick in IVAC's stock price in the short term.
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