Everspin Technologies Q2 2024 GAAP EPS $(0.12), Inline, Sales $10.636M Miss $10.650M Estimate
Portfolio Pulse from Benzinga Newsdesk
Everspin Technologies (NASDAQ:MRAM) reported Q2 2024 GAAP EPS of $(0.12), meeting analyst expectations. However, sales of $10.636 million missed the $10.650 million estimate and represented a 32.46% decrease from the same period last year.
July 31, 2024 | 9:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Everspin Technologies reported Q2 2024 GAAP EPS of $(0.12), meeting analyst expectations. However, sales of $10.636 million missed the $10.650 million estimate and represented a 32.46% decrease from the same period last year.
While Everspin Technologies met EPS expectations, the slight miss on sales and significant year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100