Silicom Q2 2024 Adj EPS $(0.14) Beats $(0.35) Estimate, Sales $14.502M Miss $15.252M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicom (NASDAQ:SILC) reported Q2 2024 adjusted EPS of $(0.14), beating the $(0.35) estimate, but sales of $14.502M missed the $15.252M estimate. Sales decreased by 61.97% compared to the same period last year.
July 29, 2024 | 12:05 pm
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NEUTRAL IMPACT
Silicom's Q2 2024 adjusted EPS of $(0.14) beat expectations, but sales of $14.502M missed estimates and were down 61.97% YoY. This mixed result may lead to short-term volatility in the stock price.
While the EPS beat is a positive sign, the significant YoY decline in sales and the miss on sales estimates could create uncertainty among investors, leading to short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100