QuickLogic (QUIK) Reports Q3 Loss, Tops Revenue Estimates
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QuickLogic (QUIK) reported a Q3 loss of $0.06 per share, slightly worse than the Zacks Consensus Estimate of a $0.05 loss. However, the company exceeded revenue expectations.
November 11, 2024 | 11:30 pm
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NEUTRAL IMPACT
QuickLogic reported a Q3 loss of $0.06 per share, missing the Zacks Consensus Estimate by $0.01. Despite the earnings miss, the company exceeded revenue expectations, which could mitigate negative sentiment.
The earnings miss by $0.01 could negatively impact the stock price, but the revenue beat may offset this, leading to a neutral short-term impact. Investors may focus on the revenue beat as a positive sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100