SemiLEDs Earnings: Here’s Why Investors Don’t Like These Results

SemiLEDs Corporation (NASDAQ:LEDS) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 24.54%.

SemiLEDs Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $-0.24 in the quarter versus EPS of $-0.29 in the year-earlier quarter.

Revenue: Decreased 61.55% to $3.53 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: SemiLEDs Corporation reported adjusted EPS loss of $0.24 per share. By that measure, the company missed the mean analyst estimate of $-0.21. It missed the average revenue estimate of $5.17 million.

Quoting Management: “Unfortunately the combination of a series of one-time events greatly impacted our business performance this quarter,” said Trung Doan, Chairman, President and CEO. “Despite this brief set-back, we remain confident we have the right strategy in place, focusing on profitable market segments where the performance and quality of our products continues to differentiate us,” concluded Doan.

Key Stats (on next page)…

Revenue decreased 26.92% from $4.83 million in the previous quarter. EPS decreased to $-0.24 in the quarter versus EPS of $-0.19 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 $0.18 and has not changed. For the current year, the average estimate is a loss of $0.9, 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)