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

Navitas Semiconductor

13/05/2022 04:14

* Navitas Semiconductor Corp  NVTS.OQ  reported a quarterly
adjusted loss of 8 cents​​ per share for the quarter ended in
March. The mean expectation of eight analysts for the quarter
was for a loss of 8 cents per share.
    * Revenue was $6.74 million​;  analysts expected $6.51
million. 
    * Navitas Semiconductor Corp's reported EPS for the quarter
was 61
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Navitas Semiconductor Corp shares had fallen by 45.8% this
quarter and lost 67.3% so far this year.
    * The company reported quarterly net income of $79.79
million.
    * Wall Street's median 12-month price target for Navitas
Semiconductor Corp is $15.50 
    * 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 May 13 at 03:13 a.m.  ​All
figures in US dollars unless otherwise stated