Valens Semiconductor (NYSE:VLN) reported its Q4 earnings results on Wednesday, February 28, 2024 at 06:00 AM.
Here's what investors need to know about the announcement.
Earnings
Valens Semiconductor beat estimated earnings by 700.0%, reporting an EPS of $0.06 versus an estimate of $-0.01.
Revenue was down $1.53 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 9.0% drop in the share price the next day.
Here's a look at Valens Semiconductor's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.09 | -0.05 | -0.07 | -0.11 |
| EPS Actual | -0.08 | 0 | -0.03 | -0.03 |
| Revenue Estimate | 14.09M | 23.97M | 23.71M | 23.15M |
| Revenue Actual | 14.17M | 24.18M | 23.88M | 23.47M |
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.