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

Valens Semiconductor

10/05/2023 14:31

* Valens Semiconductor Ltd  VLN.N  reported a quarterly
adjusted
loss of 3 cents​​ per share for the quarter ended in March. The
mean expectation of five analysts for the quarter was for a loss
of 7 cents per share.
    * Revenue rose 10.5% to $23.88 million from a year ago;
analysts
expected $23.72 million. 
    * Valens Semiconductor Ltd's reported EPS for the quarter
was a
loss of 5 cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.7%
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 21.6% this
quarter and lost 53.4% so far this year.
    * The company reported a quarterly loss of $5.38 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 LSEG Refinitiv data May
10 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.07          -0.03          Beat
 Dec. 31 2022      -0.11          -0.03          Beat
 Sep. 30 2022      -0.08          -0.02          Beat
 Jun. 30 2022      -0.09          -0.04          Beat