Transphorm TGAN reported its Q4 earnings results on Tuesday, June 27, 2023 at 04:30 PM.
Here's what investors need to know about the announcement.
Earnings
Transphorm missed estimated earnings by 18.18%, reporting an EPS of $-0.13 versus an estimate of $-0.11.
Revenue was down $1.74 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.06 which was followed by a 0.26% drop in the share price the next day.
Here's a look at Transphorm's past performance:
Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
---|---|---|---|---|
EPS Estimate | -0.10 | -0.10 | -0.08 | -0.07 |
EPS Actual | -0.16 | -0.09 | -0.08 | -0.08 |
Revenue Estimate | 4.40M | 3.60M | 5.25M | 4.92M |
Revenue Actual | 4.49M | 3.67M | 5.16M | 4.93M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Transphorm management provided guidance for Q1 2024, expecting earnings between $-0.13 and $-0.1 per share.
To track all earnings releases for Transphorm visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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