PDF Solutions Reports Q2 EPS of $0.10, First Look at Results
PDFS has more than doubled off its 52-week low of $18.12.
Summary
PDF Solutions posted Q2 earnings per share of $0.10. The headline provides no revenue or guidance figures, so the full picture is unclear. This follows a Q1 return to profitability with net income of $4.8 million and a 26% revenue increase. The company recently completed an upsized $201 million public offering in May, which included a major shareholder sale. Without comparative estimates or management commentary, the market's reaction will hinge on whether this EPS meets expectations and what the conference call reveals about the second half.
At the time of this announcement, PDFS was trading at $46.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $18.12 to $71.69. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.