SkyWater Technology Q1 Adj $(0.08) Misses $(0.05) Estimate, Sales $79.64M Miss $80.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
SkyWater Technology (NASDAQ:SKYT) reported Q1 adjusted losses of $(0.08) per share, missing the $(0.04) estimate, and sales of $79.64M, missing the $80.00M estimate. This represents a 33.33% decrease in losses per share over the same period last year and a 20.49% increase in sales.
May 08, 2024 | 7:45 pm
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SkyWater Technology reported a larger Q1 adjusted loss of $(0.08) per share compared to estimates of $(0.04), and sales of $79.64M, slightly missing the $80.00M estimate.
The reported earnings miss, both in terms of adjusted losses per share and sales, is likely to negatively impact investor sentiment in the short term. The miss on both fronts indicates potential operational or market challenges that could concern investors, leading to a possible decrease in stock price.
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IMPORTANCE 90
RELEVANCE 100