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

Lantronix

07/09/2023 22:01

* Lantronix Inc  LTRX.OQ  reported quarterly adjusted
earnings of
6 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
6 cents per share.
    * Revenue fell 2.8% to $34.92 million from a year ago;
analysts
expected $34.43 million. 
    * Lantronix Inc's reported EPS for the quarter was a loss
of 5
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Lantronix Inc shares had fallen by 6.2% this quarter and
lost 8.6% so far this year.
    * The company reported a quarterly loss of $1.65 million.
    * Wall Street's median 12-month price target for Lantronix
Inc is
$9.00 
    * 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 LSEG Refinitiv data
September 7 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.06           0.06           Met
 Mar. 31 2023      0.07           0.06           Missed
 Dec. 31 2022      0.03           0.04           Beat
 Sep. 30 2022      0.05           0.07           Beat