Data I/O Q3 2024 GAAP EPS $(0.03) Misses $0.04 Estimate, Sales $5.423M Miss $5.875M Estimate
Portfolio Pulse from Benzinga Newsdesk
Data I/O (NASDAQ:DAIO) reported Q3 2024 earnings with a GAAP EPS of $(0.03), missing the $0.04 estimate, and sales of $5.423M, missing the $5.875M estimate. This represents a significant decline compared to the previous year.
October 24, 2024 | 8:05 pm
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NEGATIVE IMPACT
Data I/O's Q3 2024 earnings report shows a significant miss on both EPS and sales estimates, with a notable decline from the previous year. This could negatively impact the stock price in the short term.
The company's reported EPS of $(0.03) was significantly below the expected $0.04, and sales of $5.423M missed the $5.875M estimate. This represents a 200% decrease in EPS and a 17.34% decrease in sales compared to the same period last year, indicating a decline in financial performance. Such results are likely to lead to a negative reaction in the stock market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100