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

Movella Holdings

09/08/2023 22:50

* Movella Holdings Inc  MVLA.OQ  reported a quarterly
adjusted
loss of 12 cents​​ per share for the quarter ended in June. The
mean expectation of three analysts for the quarter was for a
loss of 12 cents per share.
    * Revenue was $8.36 million​; analysts expected $9.06
million. 
    * Movella Holdings Inc's reported EPS for the quarter was a
loss
of 27 cents​.
    * The mean earnings estimate of analysts had fallen by
about 300%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Movella Holdings Inc shares had fallen by 23.9% this
quarter and
lost 83.9% so far this year.
    * The company reported a quarterly loss of $13.86 million.
    * Wall Street's median 12-month price target for Movella
Holdings
Inc is $4.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:50 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.12          -0.12          Met
 Mar. 31 2023      -0.05          -0.08          Missed