Silicom Q1 Adj $(0.38) Misses $(0.23) Estimate, Sales $14.37M Miss $16.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicom (NASDAQ:SILC) reported Q1 adjusted losses of $(0.38) per share, missing the $(0.23) estimate, with sales of $14.37M also missing the $16.73M estimate. This represents a significant decrease from the same period last year, with earnings down 162.3% and sales down 61.36%.
May 02, 2024 | 12:16 pm
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Silicom reported a significant miss in Q1 earnings and sales, with adjusted losses of $(0.38) per share and sales of $14.37M, missing estimates and marking a steep decline from the previous year.
The significant miss in both earnings and sales compared to analyst estimates, coupled with the steep year-over-year decline, is likely to negatively impact investor sentiment and Silicom's stock price in the short term. The magnitude of the miss and the comparison to last year's performance highlight operational and market challenges that could concern investors.
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