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via finance.yahoo.comBusiness & Companies

Navitas Semiconductor rises after third-quarter revenue beats estimates and outlook is strong

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Navitas Semiconductor Corp (NASDAQ:NVTS) reported third quarter results that exceeded revenue expectations, sending shares up 5.5% in after-hours trading Tuesday as investors responded positively to the company's guidance and transformation progress. Still…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRevenue beat the consensus but adjusted EPS missed, and the shares reacted positively to guidance.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Third-quarter revenue was 14.0 million dollars, above the 13.5 million consensus.
  2. 02Adjusted EPS came in at -0.14 dollars versus an estimate of -0.04 dollars.
  3. 03Shares rose 5.5% in after-hours trading on Tuesday.
  4. 04Fourth-quarter guidance calls for revenue of 16.0 million dollars.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Navitas Semiconductor CorpNVTSStock8.56 USDMarket closedtoday +7.94%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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