Navitas Semiconductor NVTS reported its Q1 earnings results on Monday, May 15, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Navitas Semiconductor beat estimated earnings by 12.5%, reporting an EPS of $-0.07 versus an estimate of $-0.08.
Revenue was up $6.62 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 6.24% increase in the share price the next day.
Here's a look at Navitas Semiconductor's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | -0.08 | -0.07 | -0.09 | -0.08 |
EPS Actual | -0.06 | -0.07 | -0.07 | -0.08 |
Revenue Estimate | 12.00M | 9.92M | 8.42M | 6.51M |
Revenue Actual | 12.35M | 10.24M | 8.61M | 6.74M |
To track all earnings releases for Navitas Semiconductor visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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