Pixelworks Q2 2024 Adj. EPS $(0.13) Beats $(0.14) Estimate, Sales $8.535M Beat $8.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pixelworks (NASDAQ:PXLW) reported Q2 2024 adjusted EPS of $(0.13), beating the $(0.14) estimate. Sales were $8.535M, slightly above the $8.500M estimate but down 37.27% from $13.605M last year.
August 07, 2024 | 9:43 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Pixelworks reported Q2 2024 adjusted EPS of $(0.13), beating the $(0.14) estimate. Sales were $8.535M, slightly above the $8.500M estimate but down 37.27% from $13.605M last year.
Pixelworks' better-than-expected EPS and sales figures, despite a significant YoY decline in sales, are likely to have a positive short-term impact on the stock price as the market reacts to the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100