Everspin Technologies Q3 2024 GAAP EPS $0.10 Beats $(0.06) Estimate, Sales $12.093M Beat $12.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Everspin Technologies reported Q3 2024 earnings of $0.10 per share, significantly beating the analyst estimate of $(0.06). Sales were $12.093 million, slightly above the $12.000 million estimate, but down 26.56% from the previous year.
October 30, 2024 | 8:05 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Everspin Technologies' Q3 2024 earnings per share of $0.10 exceeded expectations, while sales slightly surpassed estimates. However, sales decreased by 26.56% compared to the previous year.
The significant EPS beat is likely to positively impact MRAM's stock price in the short term, as it exceeded expectations by a large margin. The slight sales beat also contributes positively, although the year-over-year sales decline may temper some enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100