SkyWater Technology Q2 2024 Adj. EPS $0.02 Beats $(0.11) Estimate, Sales $93.329M Beat $82.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
SkyWater Technology (NASDAQ:SKYT) reported Q2 2024 earnings of $0.02 per share, significantly beating the analyst estimate of $(0.11). Sales were $93.329 million, surpassing the $82.900 million estimate. This marks a 150% increase in EPS and a 33.69% increase in sales year-over-year.
August 07, 2024 | 9:07 pm
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SkyWater Technology reported Q2 2024 earnings of $0.02 per share, beating the analyst estimate of $(0.11) by 118.18%. Sales were $93.329 million, surpassing the $82.900 million estimate. This marks a 150% increase in EPS and a 33.69% increase in sales year-over-year.
SkyWater Technology's strong Q2 2024 earnings and sales performance, significantly beating analyst estimates, is likely to positively impact the stock price in the short term. The substantial year-over-year growth in both EPS and sales further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100