Data I/O Q2 2024 GAAP EPS $(0.09) Misses $(0.01) Estimate, Sales $5.062M Miss $6.310M Estimate
Portfolio Pulse from Benzinga Newsdesk
Data I/O (NASDAQ:DAIO) reported Q2 2024 GAAP EPS of $(0.09), missing the $(0.01) estimate by 800%. Sales were $5.062M, missing the $6.310M estimate by 19.78% and down 31.58% from last year.
July 25, 2024 | 8:04 pm
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Data I/O reported a significant earnings miss for Q2 2024, with GAAP EPS of $(0.09) missing the $(0.01) estimate by 800%. Sales also fell short, coming in at $5.062M versus the $6.310M estimate, and were down 31.58% year-over-year.
The significant miss on both EPS and sales estimates, along with a substantial year-over-year decline in sales, is likely to negatively impact DAIO's stock price in the short term.
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IMPORTANCE 90
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