Recap: Lantronix Q3 Earnings

Lantronix LTRX reported its Q3 earnings results on Wednesday, May 10, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Lantronix missed estimated earnings by 14.29%, reporting an EPS of $0.06 versus an estimate of $0.07.

Revenue was up $640 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 12.57% increase in the share price the next day.

Here's a look at Lantronix's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate 0.03 0.04 0.09 0.07
EPS Actual 0.04 0.07 0.08 0.08
Revenue Estimate 31.87M 32.27M 34.04M 29.48M
Revenue Actual 31.51M 31.80M 35.95M 32.32M

To track all earnings releases for Lantronix visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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