Eltek Q2 EPS $0.11 Misses $0.25 Estimate, Sales $10.47M Miss $11.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eltek (NASDAQ:ELTK) reported Q2 earnings per share of $0.11, missing the analyst estimate of $0.25 by 56%. Sales were $10.47M, missing the $11.90M estimate by 12.05%. Both earnings and sales decreased compared to the same period last year.
August 15, 2024 | 11:34 am
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Eltek reported Q2 EPS of $0.11, missing the $0.25 estimate by 56%. Sales of $10.47M also missed the $11.90M estimate by 12.05%. Both earnings and sales decreased compared to the same period last year.
Eltek's significant miss on both EPS and sales estimates, along with a year-over-year decline in both metrics, is likely to negatively impact the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100