Navitas Semiconductor gains after upbeat Q2 revenue

Navitas Semiconductor

14/08/2023 21:29

** Shares of wafer subcontract manufacturer Navitas
Semiconductor  NVTS.O  rise 8.8% to $9.37 after the bell
    ** NVTS posts Q2 revenue of $18.1 mln vs analysts' avg. est.
of $16.5 mln - Refinitiv
    ** Company sees Q3 revenue at about $21 mln, slightly higher
than Wall Street est. of $20.1 mln
    ** Company's Q2 net loss, however, widens to $27.2 mln from
$20 mln a year earlier
    ** Up to last close, stock up 145% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))