GCT Semiconductor Holding Q1 2024 EPS $0.03 Up From $(0.06) YoY; Revenue $3.3M Up From $3.1M YoY
Portfolio Pulse from Benzinga Newsdesk
GCT Semiconductor Holding reported a Q1 2024 EPS of $0.03, an improvement from the previous year's $(0.06). Revenue also increased to $3.3M from $3.1M YoY.
May 14, 2024 | 8:38 pm
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GCT Semiconductor Holding reported a positive EPS of $0.03 for Q1 2024, reversing the previous year's loss, and a slight increase in revenue to $3.3M from $3.1M.
The positive EPS indicates a significant improvement in profitability, which is a strong signal for investors. The increase in revenue, although modest, further supports the company's growth trajectory. These factors are likely to positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100