Velo3D Q1 2024 Adj EPS $(0.08) Misses $(0.05) Estimate, Sales $9.79M Miss $20.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Velo3D (NYSE:VLD) reported Q1 2024 adjusted EPS of $(0.08), missing the $(0.05) estimate by 60%. Sales were $9.79M, missing the $20.90M estimate by 53.18% and down 63.50% from the same period last year.
May 15, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Velo3D reported disappointing Q1 2024 results with EPS of $(0.08) missing estimates by 60% and sales of $9.79M missing estimates by 53.18%. Sales also decreased 63.50% YoY.
The significant miss on both EPS and sales estimates, along with a substantial year-over-year decline in sales, is likely to negatively impact Velo3D's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100