Mark your calendars for Wednesday 6th November 2024, as Valens Semiconductor Ltd. (NYSE: VLN) is set to unveil its third quarter financial results. This highly anticipated announcement will be made before market open, giving investors and market participants a chance to assess the company's financial performance.
the organization is projected to announce an estimated per share $0.06 loss for the quarter, as predicted by financial analysts on Wall Street. Moreover, the company is expected to disclose a total revenue of $15.1 million for this period.
Wall Street analysts have revealed their projections for the company's yearly performance, with a total revenue of $55.9 million. Furthermore, they expect the business to achieve loss of $0.21 per share during the fiscal year.
Upon revisiting the corresponding quarter from the prior year, the company's earnings report demonstrated a per-share loss of $0.08. This figure was attributed to the company's total revenue, which reached an impressive $14.17 million during that same period.
VLN will host a conference call with investment community on 6th November 2024 at 08:30 AM eastern time to discuss the financial results.
Valens Semiconductor Ltd. (VLN) shares traded as low as $1.67 and as high as $1.85 on a day volume of 282.10 thousand shares, closed Friday's regular trading session at $1.75, decline of 5.41 percent.
