Valens Semiconductor Q2 2024 Adj. EPS $(0.04) Beats $(0.07) Estimate, Sales $13.597M Beat $12.713M Estimate
Portfolio Pulse from Benzinga Newsdesk
Valens Semiconductor (NYSE:VLN) reported Q2 2024 adjusted EPS of $(0.04), beating the $(0.07) estimate. Sales were $13.597M, surpassing the $12.713M estimate but down 43.76% from $24.175M last year.
August 07, 2024 | 10:02 am
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POSITIVE IMPACT
Valens Semiconductor reported better-than-expected Q2 2024 EPS and sales, but sales were significantly down year-over-year.
The better-than-expected EPS and sales figures are positive short-term catalysts for the stock. However, the significant year-over-year decline in sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100