Valens Semiconductor Ltd reports results for the quarter ended in December - Earnings Summary

Valens Semiconductor

01/03/2023 14:33

* Valens Semiconductor Ltd  VLN.N  reported a quarterly
adjusted
loss of 3 cents​​ per share for the quarter ended in December.
The mean expectation of five analysts for the quarter was for a
loss of 11 cents per share.
    * Revenue rose 13.2% to $23.47 million from a year ago;
analysts
expected $23.15 million. 
    * Valens Semiconductor Ltd's reported EPS for the quarter
was a
loss of 7 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. 
    * Valens Semiconductor Ltd shares had fallen by 14.2% this
quarter.
    * The company reported a quarterly loss of $7.32 million.
    * Wall Street's median 12-month price target for Valens
Semiconductor Ltd is $8.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data March 1
at 02:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.11          -0.03          Beat
 Sep. 30 2022      -0.08          -0.02          Beat
 Jun. 30 2022      -0.09          -0.04          Beat
 Mar. 31 2022      -0.10          -0.02          Beat