Navitas Semiconductor Sees Q3 Net Revenues $21.5M-$22.5M vs $23.36M Est.
Portfolio Pulse from Benzinga Newsdesk
Navitas Semiconductor has announced its Q3 net revenue forecast to be between $21.5 million and $22.5 million, which is below the estimated $23.36 million.
August 05, 2024 | 8:58 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Navitas Semiconductor's Q3 net revenue forecast of $21.5M-$22.5M is below the estimated $23.36M, which may negatively impact the stock price in the short term.
The revenue forecast falling short of estimates typically signals potential underperformance, which can lead to a negative reaction from investors and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100