Navitas Semiconductor Q2 2024 Adj. EPS $(0.07) Misses $(0.06) Estimate, Sales $20.468M Beat $20.013M Estimate
Portfolio Pulse from Benzinga Newsdesk
Navitas Semiconductor (NASDAQ:NVTS) reported Q2 2024 adjusted EPS of $(0.07), missing the $(0.06) estimate, but achieved sales of $20.468M, beating the $20.013M estimate. Sales increased by 13.32% year-over-year.
August 05, 2024 | 8:18 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Navitas Semiconductor reported a Q2 2024 adjusted EPS of $(0.07), missing the $(0.06) estimate, but achieved sales of $20.468M, beating the $20.013M estimate. Sales increased by 13.32% year-over-year.
The mixed results, with an EPS miss but a sales beat and year-over-year growth, suggest a neutral short-term impact on NVTS stock. Investors may weigh the earnings miss against the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100