Everspin Technologies Inc reports results for the quarter ended in September 30 - Earnings Summary

Reuters10-31

* Everspin Technologies Inc reported quarterly adjusted earnings of 17 cents​​ per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of two analysts for the quarter was for a loss of one cent per share.

* Revenue fell 26.6% to $12.09 million from a year ago; analysts expected $12.00 million.

* Everspin Technologies Inc's reported EPS for the quarter was 12 cents​.

* The company reported quarterly net income of $2.27 million.

* Everspin Technologies Inc shares had risen by 13.4% this quarter and lost 26.0% so far this year.

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 2 "strong buy" or "buy," no "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 Everspin Technologies Inc is 9.00 This summary was machine generated from LSEG data October 31 at 02:37 a.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

Sep. 30 2024 -0.01 0.17 Beat

Jun. 30 2024 -0.06 -0.03 Beat

Mar. 31 2024 0.05 0.07 Beat

Dec. 31 2023 0.12 0.14 Beat

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