Navitas Semiconductor Sees Q2 2204 Revenue $20M± $500K Vs $23.811M Est.
Portfolio Pulse from Benzinga Newsdesk
Navitas Semiconductor projects its Q2 2204 revenue to be around $20 million, plus or minus $500,000, which is below the estimated $23.811 million.
May 09, 2024 | 9:06 pm
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Navitas Semiconductor's projected Q2 2204 revenue falls short of expectations, potentially impacting investor sentiment negatively.
Revenue forecasts that fall short of market expectations can lead to negative investor sentiment and potentially decrease stock price in the short term. Given that NVTS's projected revenue is significantly below the estimated figure, this could be seen as a bearish signal by investors.
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