Quicklogic Corp reports results for the quarter ended September 30 - Earnings Summary

Reuters11-12

* Quicklogic Corp reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of two analysts for the quarter was for a loss of 5 cents per share.

* Revenue fell 35.9% to $4.27 million from a year ago; analysts expected $4.20 million.

* Quicklogic Corp's reported EPS for the quarter was a loss of 14 cents​.

* The company reported a quarterly loss of $2.09 million.

* Quicklogic Corp shares had risen by 4.6% this quarter and lost 42.1% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 183.3% 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 "strong 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 "buy."

Wall Street's median 12-month price target for Quicklogic Corp is $14.50 This summary was machine generated from LSEG data November 12 at 03:42 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 -0.05 -0.06 Missed

Jun. 30 2024 0.01 -0.05 Missed

Mar. 31 2024 0.06 0.11 Beat

Dec. 31 2023 0.13 0.18 Beat

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