Unveiling Inphi's Recent Financial Report Disclosure
Inphi, a prominent technology company, has recently announced its financial results for the fourth quarter of 2022. The revenue and EPS figures were reported by S&P Capital IQ.
The company's revenue for Q4 2022 stood at $17.3 million, surpassing the expected $16.5 million. However, sales for the same quarter were 18% lower compared to the prior-year quarter's $21.1 million.
In terms of earnings, the EPS for Q4 2022 was -$0.01, lower than the expected -$0.05 per share. Contrastingly, the GAAP EPS for the same quarter was -$0.01, a decrease compared to -$0.72 per share in the prior-year quarter.
The revenue and EPS estimates were compiled by five analysts polled by S&P Capital IQ. It's worth noting that the revenue and EPS figures may be non-GAAP to maintain comparability with estimates.
Inphi's stock currently holds a five-star rating at Motley Fool CAPS. Among seven CAPS All-Star picks, seven give Inphi a green thumbs-up. The Motley Fool has a disclosure policy.
The average price target for Inphi, as tracked by S&P Capital IQ, is $12.80. Of Wall Street recommendations tracked by the same source, the average opinion on Inphi is outperform.
Seth Jayson had no position in any company mentioned in this article at the time of publication.
Looking ahead, the next quarter's average estimate for Inphi's revenue is $19.8 million, and the next year's average estimate for the company's revenue is $97.9 million. Unfortunately, there are no available search results providing the current forecast for Inphi's average revenues for the next quarter.
It's also important to note that margins for Inphi contracted across the board in Q4 2022. The Motley Fool encourages readers to seek their own analysis when making investment decisions.
Inphi reported earnings for Q4 2022 on February 1. The next year's average EPS estimate for Inphi is $0.16.
For the latest updates and news on Inphi, stay tuned to our platform.
