SkyWater Technology Q1 2024 Adj EPS $(0.08) Misses $(0.05) Estimate, Sales $79.636M Miss $80.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
SkyWater Technology (NASDAQ:SKYT) reported Q1 2024 adjusted EPS of $(0.08), missing the $(0.05) estimate, and sales of $79.636M, slightly below the $80.000M estimate. This represents a 33.33% decrease in EPS and a 20.49% increase in sales from the same period last year.
May 08, 2024 | 8:18 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
SkyWater Technology reported a larger than expected quarterly loss and a slight miss in sales for Q1 2024, indicating potential challenges ahead.
The miss in both EPS and sales estimates for SkyWater Technology could lead to negative investor sentiment in the short term. The reported decrease in EPS compared to the previous year, despite an increase in sales, suggests operational or market challenges that could impact the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100