Intchains Gr Q1 Earnings Per ADS $(0.04) Down From $0.02 YoY, Sales $3.36M Down From $3.79M YoY
Portfolio Pulse from Benzinga Newsdesk
Intchains Gr (NASDAQ:ICG) reported a quarterly loss of $(0.04) per ADS, a significant decline from $0.02 per ADS in the same period last year. Sales also decreased by 11.30% to $3.36 million from $3.79 million year-over-year.
May 16, 2024 | 10:04 pm
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Intchains Gr (NASDAQ:ICG) reported a quarterly loss of $(0.04) per ADS, a significant decline from $0.02 per ADS in the same period last year. Sales also decreased by 11.30% to $3.36 million from $3.79 million year-over-year.
The significant decline in earnings per ADS and the decrease in sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100