Sequans Communications (NYSE:SQNS) reported its Q1 earnings results on Wednesday, May 3, 2023 at 06:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Sequans Communications beat estimated earnings by 18.18%, reporting an EPS of $-0.09 versus an estimate of $-0.11.
Revenue was down $1.99 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.02 which was followed by a 7.22% increase in the share price the next day.
Here’s a look at Sequans Communications’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.04 | -0.02 | -0.08 | -0.11 |
| EPS Actual | -0.06 | 0.01 | -0.02 | -0.04 |
| Revenue Estimate | 16.25M | 15.74M | 14.43M | 13.82M |
| Revenue Actual | 15.91M | 16.53M | 14.22M | 13.89M |
To track all earnings releases for Sequans Communications visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
