QuickLogic gains on smaller-than-expected Q1 loss

QuickLogic

17/05/2023 19:15

** Shares of semiconductor maker QuickLogic  QUIK.O  rise
5.5% to $5.75
    ** QUIK posts Q1 adj. loss of 4 cents per share vs analysts'
avg. estimate of a 6-cent loss 
    ** Co benefited from growth in its embedded Field
Programmable Gate Array (eFPGA) business; eFPGA is an integrated
circuit of semiconductors that helps customize operations for a
specific application
    ** Including session gains, stock up 11.87% YTD

 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))