Atomera Q3 EPS $(0.17) Up From $(0.20) YoY, Sales $22.00K Miss $100.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Atomera reported a Q3 EPS of $(0.17), an improvement from $(0.20) YoY, but sales of $22K missed the $100K estimate.
October 29, 2024 | 8:55 pm
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Atomera's Q3 earnings showed a reduced loss per share of $(0.17), improving from $(0.20) YoY. However, sales were significantly below expectations, with $22K reported against a $100K estimate.
The improvement in EPS indicates better cost management or operational efficiency, but the significant miss in sales suggests potential issues in revenue generation or market demand. This mixed result is likely to negatively impact the stock price in the short term as investors may focus on the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100