GSI Technology Q1 EPS $0.04 Up From $(0.21) YoY, Sales $4.67M Down From $5.59M YoY
Portfolio Pulse from Benzinga Newsdesk
GSI Technology (NASDAQ:GSIT) reported Q1 earnings of $0.04 per share, a significant improvement from a loss of $(0.21) per share YoY. However, sales decreased by 16.40% to $4.67 million from $5.59 million YoY.
July 25, 2024 | 8:38 pm
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GSI Technology reported a significant improvement in earnings per share (EPS) to $0.04 from a loss of $(0.21) YoY, but experienced a 16.40% decline in sales to $4.67 million. The mixed results may lead to short-term volatility in the stock price.
The significant improvement in EPS is a positive sign, but the decline in sales is a concern. Investors may react with mixed sentiments, leading to short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100