Valens Semiconductor VLN reported its Q1 earnings results on Wednesday, May 10, 2023 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Valens Semiconductor beat estimated earnings by 57.14%, reporting an EPS of $-0.03 versus an estimate of $-0.07.
Revenue was up $2.26 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 2.01% increase in the share price the next day.
Here's a look at Valens Semiconductor's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.11 | -0.08 | -0.10 | -0.10 |
| EPS Actual | -0.03 | -0.02 | -0.08 | -0.02 |
| Revenue Estimate | 23.15M | 22.65M | 21.69M | 20.75M |
| Revenue Actual | 23.47M | 23.14M | 22.48M | 21.62M |
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.11 | -0.08 | -0.10 | -0.10 |
| EPS Actual | -0.03 | -0.02 | -0.08 | -0.02 |
| Revenue Estimate | 23.15M | 22.65M | 21.69M | 20.75M |
| Revenue Actual | 23.47M | 23.14M | 22.48M | 21.62M |
To track all earnings releases for Valens Semiconductor visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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