Lantronix Q3 2024 Adj EPS $0.11 Beats $0.10 Estimate, Sales $41.183M Beat $40.220M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lantronix (LTRX) reported Q3 2024 adjusted EPS of $0.11, surpassing the $0.10 estimate, with sales of $41.183M exceeding the $40.220M forecast. This represents an 83.33% increase in earnings and a 24.93% increase in sales from the same period last year.
April 29, 2024 | 8:28 pm
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Lantronix reported a strong Q3 2024 performance with earnings and sales exceeding estimates, indicating robust growth.
The positive earnings and sales beat by Lantronix suggest a strong financial performance and operational efficiency, likely leading to increased investor confidence and a potential uptick in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100