Navitas Semiconductor Corp reports results for the quarter ended in June - Earnings Summary

Navitas Semiconductor

15/08/2022 22:58

* Navitas Semiconductor Corp  NVTS.OQ  reported a quarterly
adjusted loss of 7 cents​​ per share for the quarter ended in
June. The mean expectation of eight analysts for the quarter was
for a loss of 9 cents per share.
    * Revenue was $8.61 million​; analysts expected $8.42
million. 
    * Navitas Semiconductor Corp's reported EPS for the quarter
was 26
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. 
    * Navitas Semiconductor Corp shares had risen by 52.3% this
quarter and lost 65.4% so far this year.
    * The company reported quarterly net income of $33.84
million.
    * Wall Street's median 12-month price target for Navitas
Semiconductor Corp is $10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 15
at 09:58 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.09          -0.07          Beat
 Mar. 31 2022      -0.08          -0.08          Met
 Dec. 31 2021      -0.08          -0.07          Beat