* Navitas Semiconductor Corp reported a quarterly adjusted loss of 4 cents per share for the quarter ended in December, higher than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of nine analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -7 cents to -3 cents per share.
* Revenue rose 111% to $26.06 million from a year ago; analysts expected $25.45 million.
* Navitas Semiconductor Corp's reported EPS for the quarter was a loss of 18 cents.
* The company reported a quarterly loss of $32.58 million.
* Navitas Semiconductor Corp shares had fallen by 28.5% this quarter.
FORECAST CHANGES
* 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.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the semiconductors peer group is also "buy"
Wall Street's median 12-month price target for Navitas Semiconductor Corp is $10.00 This summary was machine generated from LSEG data February 29 at 10:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2023 -0.05 -0.04 Beat
Sep. 30 2023 -0.05 -0.04 Beat
Jun. 30 2023 -0.07 -0.05 Beat
Mar. 31 2023 -0.08 -0.07 Beat
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