QuickLogic Earnings: Here’s Why Investors are Excited Now
QuickLogic Corp. (NASDAQ:QUIK) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 10.11%.
QuickLogic Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.05 in the quarter versus EPS of $-0.10 in the year-earlier quarter.
Revenue: Rose 26.04% to $5.13 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: QuickLogic Corp. reported adjusted EPS loss of $0.05 per share. By that measure, the company beat the mean analyst estimate of $-0.06. It beat the average revenue estimate of $4.3 million.
Key Stats (on next page)…
EPS increased to $-0.05 in the quarter versus EPS of $-0.08 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.04 and has not changed. For the current year, the average estimate is a loss of $0.20, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)