Data I/O Corporation (NASDAQ:DAIO) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.07 per share.
Looking ahead, the full year loss are expected at $ 0.31 per share on the revenues of $ 19.90 million.
Previous Quarter Performance
Data I/O Corporation revealed loss for the second quarter of $ 0.13 per share, from the revenue of $ 4.66 million. The quarterly revenues decreased 27.19 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.09 per share from $ 4.40 million in revenue. The bottom line results missed street analysts by $ 0.04 or 44.44 percent, at the same time, top line results outshined analysts by $ 0.26 million or 5.91 percent.
Stock Performance
Shares of Data I/O Corporation traded low $ -0.09 or -2.45 percent on Wednesday, reaching $ 3.59 with volume of 2.30 thousand shares. Data I/O Corporation has traded high as $ 3.73 and has cracked $ 3.54 on the downward trend
According to the previous trading day, closing price of $ 3.59, representing a 57.26 % increase from the 52 week low of $ 2.34 and a 18.58 % decrease over the 52 week high of $ 4.52.
The company has a market capital of $ 30.12 million and is part of the Technology sector and Electronic Components industry.
Conference Call
Data I/O Corporation will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.dataio.com
Data I/O Corporation designs, manufactures, and sells programming systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data necessary for the ICs. The company provides PSV handlers offline automated programming systems; and RoadRunner and RoadRunner3 series handlers, an inline automated programming systems.
