SemiLEDs Q3 EPS $(0.06) Up From $(0.15) YoY, Sales $1.32M Down From $1.68M YoY
Portfolio Pulse from Benzinga Newsdesk
SemiLEDs reported its Q3 earnings with an EPS of $(0.06), an improvement from $(0.15) year-over-year. However, sales decreased to $1.32 million from $1.68 million in the same period last year.
July 08, 2024 | 8:05 am
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SemiLEDs reported a mixed Q3 with an improved EPS of $(0.06) compared to $(0.15) YoY, but a decline in sales to $1.32 million from $1.68 million.
The improvement in EPS is a positive sign, indicating better cost management or operational efficiency. However, the decline in sales is a concern and could offset the positive sentiment from the EPS improvement. Overall, the mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100