Silicom Q3 2024 Adj. EPS $(0.28) Beats $(0.32) Estimate, Sales $14.756 Miss $14.518M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicom (NASDAQ:SILC) reported a Q3 2024 adjusted EPS of $(0.28), beating the estimate of $(0.32). However, sales were $14.756 million, missing the $14.518 million estimate and showing a significant decline from $30.057 million last year.
October 31, 2024 | 12:08 pm
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Silicom's Q3 2024 EPS beat expectations, but sales missed estimates and showed a significant year-over-year decline.
While Silicom's EPS was better than expected, the miss on sales and the drastic year-over-year decline in revenue are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100