iPower (NASDAQ:IPW) reported its Q3 earnings results on Monday, May 15, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
iPower beat estimated earnings by 15.0%, reporting an EPS of $-0.051 versus an estimate of $-0.06.
Revenue was down $2.58 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.09 which was followed by a 17.17% drop in the share price the next day.
Here’s a look at iPower’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.02 | 0.03 | 0.03 | |
| EPS Actual | -0.11 | -0.14 | -0.05 | 0.04 |
| Revenue Estimate | 23.70M | 22.90M | 21.00M | 17.60M |
| Revenue Actual | 19.25M | 26.02M | 22.12M | 22.81M |
To track all earnings releases for iPower visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
