Data I/O Q1 2024 GAAP EPS $(0.09) Misses $(0.01) Estimate, Sales $6.099M Miss $6.718M Estimate
Portfolio Pulse from Benzinga Newsdesk
Data I/O reported Q1 2024 GAAP EPS of $(0.09), missing the $(0.01) estimate, with sales of $6.099M also missing the $6.718M estimate, marking a 15.65% decrease from the previous year.
April 25, 2024 | 8:16 pm
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NEGATIVE IMPACT
Data I/O's Q1 2024 earnings and sales missed estimates, with a significant decrease in sales compared to last year.
Missing both EPS and sales estimates significantly, especially with an 800% miss on the EPS estimate and a 9.21% miss on sales, indicates underperformance. This is likely to negatively impact investor sentiment and stock price in the short term, especially considering the substantial year-over-year sales decrease.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100