LightPath Technologies Q3 2024 GAAP EPS $(0.07) Misses $(0.04) Estimate, Sales $7.699M Miss $7.980M Estimate
Portfolio Pulse from Benzinga Newsdesk
LightPath Technologies (NASDAQ:LPTH) reported Q3 2024 earnings with a GAAP EPS of $(0.07), missing the $(0.04) estimate, and sales of $7.699M, missing the $7.980M estimate. This represents a 133.33% decrease in EPS and a 3.90% increase in sales from the same period last year.
May 09, 2024 | 8:32 pm
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NEGATIVE IMPACT
LightPath Technologies reported a significant miss in Q3 2024 earnings with a GAAP EPS of $(0.07) against estimates of $(0.04) and sales of $7.699M against estimates of $7.980M.
The miss in both EPS and sales estimates for Q3 2024 is likely to negatively impact investor sentiment towards LPTH in the short term. The significant miss in EPS, by 75%, and the sales miss, although smaller, indicate potential underlying issues that could concern investors. The year-over-year decrease in EPS by 133.33% further exacerbates the negative outlook, despite a slight increase in sales.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100