Lantronix (NASDAQ:LTRX) reported its Q3 earnings results on Wednesday, May 10, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Lantronix missed estimated earnings by 14.29%, reporting an EPS of $0.06 versus an estimate of $0.07.
Revenue was up $640 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 12.57% increase in the share price the next day.
Here’s a look at Lantronix’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.03 | 0.04 | 0.09 | 0.07 |
| EPS Actual | 0.04 | 0.07 | 0.08 | 0.08 |
| Revenue Estimate | 31.87M | 32.27M | 34.04M | 29.48M |
| Revenue Actual | 31.51M | 31.80M | 35.95M | 32.32M |
To track all earnings releases for Lantronix visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
