Everspin Technologies Sees Q3 EPS $(0.10)-$(0.05) Vs $(0.12) Est.; Revenue $11.5M-$12.5M Vs $10.65M Est.
Portfolio Pulse from Benzinga Newsdesk
Everspin Technologies has provided its Q3 earnings guidance, expecting an EPS between $(0.10) and $(0.05), which is better than the estimated $(0.12). The company also anticipates revenue between $11.5M and $12.5M, surpassing the estimated $10.65M.
July 31, 2024 | 9:18 pm
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POSITIVE IMPACT
Everspin Technologies has provided a positive Q3 earnings guidance, with EPS expected between $(0.10) and $(0.05), better than the estimated $(0.12). Revenue is also projected to be higher than expected, between $11.5M and $12.5M compared to the $10.65M estimate.
The better-than-expected EPS and revenue guidance for Q3 indicate a positive outlook for Everspin Technologies. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100