Akoustis Technologies Q3 2024 Adj EPS $(0.14) Misses $(0.12) Estimate
Portfolio Pulse from Benzinga Newsdesk
Akoustis Technologies (AKTS) reported Q3 2024 adjusted EPS of $(0.14), missing the $(0.12) estimate, and quarterly sales of $7.510 million, missing the $8.553 million estimate. This represents a 2.09% increase in sales compared to the same period last year.
May 13, 2024 | 11:32 am
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Akoustis Technologies reported lower than expected Q3 2024 earnings and revenue, missing EPS estimates by 16.67% and sales estimates by 12.19%, though sales increased 2.09% YOY.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The slight year-over-year sales increase may not be sufficient to offset the negative impact of the earnings miss.
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IMPORTANCE 90
RELEVANCE 100