Lantronix Inc reports results for the quarter ended in December - Earnings Summary

Lantronix

10/02/2023 01:09

* Lantronix Inc  LTRX.OQ  reported quarterly adjusted
earnings of
4 cents​​ per share for the quarter ended in December. The mean
expectation of five analysts for the quarter was for earnings of
3 cents per share.
    * Revenue fell 6.5% to $31.51 million from a year ago;
analysts
expected $31.88 million. 
    * Lantronix Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The mean earnings estimate of analysts had fallen by
about 61.9%
in the last three months.​ 
    * In the last 30 days four analysts negatively revised
earnings
estimates 
    * Lantronix Inc shares had risen by 16.4% this quarter.
    * The company reported a quarterly loss of $2.61 million.
    * Wall Street's median 12-month price target for Lantronix
Inc is
$10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
10 at 01:09 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.03           0.04           Beat
 Sep. 30 2022      0.05           0.07           Beat
 Jun. 30 2022      0.09           0.08           Missed
 Mar. 31 2022      0.07           0.08           Beat