Akoustis Technologies Q3 2024 GAAP EPS $(0.26), Sales $7.510M Miss $8.553M Estimate
Portfolio Pulse from Benzinga Newsdesk
Akoustis Technologies (AKTS) reported Q3 2024 GAAP EPS of $(0.26) and sales of $7.510M, missing the consensus estimate of $8.553M by 12.19%. This represents a 2.09% increase in sales compared to the same period last year.
May 13, 2024 | 11:22 am
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NEGATIVE IMPACT
Akoustis Technologies reported a Q3 2024 earnings miss with a GAAP EPS of $(0.26) and sales of $7.510M, missing estimates by 12.19% but showing a slight sales increase of 2.09% YOY.
The earnings miss and sales shortfall compared to analyst expectations are likely to negatively impact investor sentiment towards AKTS in the short term. However, the slight year-over-year sales increase may provide some buffer against a more significant negative reaction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100