Ichor Hldgs Q1 2024 Adj EPS $(0.09) Misses undefined Estimate, Sales $201.383M Beat $199.986M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ichor Holdings (ICHR) reported Q1 2024 adjusted EPS of $(0.09), missing the consensus estimate, with sales of $201.383M beating the $199.986M estimate. This represents a 123.68% decrease in earnings and a 10.84% decrease in sales from the same period last year.
May 07, 2024 | 9:31 pm
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Ichor Holdings reported a significant decrease in earnings and a slight decrease in sales for Q1 2024, with adjusted EPS missing estimates and sales exceeding expectations.
The reported loss in EPS, especially when it misses the consensus estimate, is likely to negatively impact investor sentiment and the stock price in the short term. However, the beat on sales estimates might provide some offsetting positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100