Vicor Q2 2024 GAAP EPS $(0.03) Misses $0.05 Estimate, Sales $85.854M Beat $81.767M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vicor (NASDAQ:VICR) reported Q2 2024 GAAP EPS of $(0.03), missing the $0.05 estimate by 160%. Sales were $85.854M, beating the $81.767M estimate by 5%. EPS decreased by 107.89% YoY, and sales decreased by 19.57% YoY.
July 23, 2024 | 8:11 pm
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NEGATIVE IMPACT
Vicor's Q2 2024 earnings report showed a significant miss on EPS but a beat on sales. The EPS miss by 160% and a YoY decrease of 107.89% is concerning, while the sales beat by 5% offers a slight positive. Overall, the mixed results are likely to create short-term volatility in the stock price.
The significant miss on EPS by 160% and a YoY decrease of 107.89% is likely to weigh heavily on investor sentiment, causing downward pressure on the stock. However, the sales beat by 5% may provide some support, leading to overall short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100