Kopin Q1 2024 GAAP EPS $(0.27) Misses $(0.05) Estimate, Sales $10.000M Beat $9.008M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kopin reported Q1 2024 GAAP EPS of $(0.27), missing the $(0.05) estimate by 440%, but beat sales estimates with $10M vs. the $9.008M forecast. This represents a 7.05% decrease in sales compared to the same period last year.
May 14, 2024 | 12:07 pm
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NEGATIVE IMPACT
Kopin's Q1 2024 earnings missed EPS estimates significantly but exceeded sales forecasts, with a slight decrease in sales compared to last year.
The significant miss in EPS estimates is likely to negatively impact investor sentiment in the short term, despite the sales beat. The decrease in sales year-over-year further compounds concerns about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100