Recap: Arteris Q1 Earnings

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Arteris AIP reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Arteris beat estimated earnings by 19.05%, reporting an EPS of $-0.17 versus an estimate of $-0.21.

Revenue was up $1.40 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 16.89% drop in the share price the next day.

Here's a look at Arteris's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -0.20 -0.17 -0.12 -0.18
EPS Actual -0.12 -0.13 -0.07 -0.14
Revenue Estimate 11.32M 11.56M 13.00M 11.01M
Revenue Actual 11.20M 12.60M 14.82M 11.76M

To track all earnings releases for Arteris visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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