Navitas Semiconductor Corporation (NVTS) Reports Q3 Loss, Misses Revenue Estimates
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Navitas Semiconductor Corporation (NVTS) reported a Q3 loss of $0.06 per share, matching the Zacks Consensus Estimate, but missed revenue estimates. This is a larger loss compared to $0.04 per share a year ago.
November 05, 2024 | 12:30 pm
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Navitas Semiconductor reported a Q3 loss of $0.06 per share, in line with expectations but missed revenue estimates. The loss increased from $0.04 per share a year ago.
The reported loss per share was in line with expectations, but missing revenue estimates is typically seen as a negative indicator for stock performance. The increased loss compared to the previous year may also concern investors.
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