Navitas Semiconductor Corporation (NVTS) Reports Q1 Loss, Tops Revenue Estimates

Navitas Semiconductor Corporation (NVTS) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of$ 0.04. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this company would post a loss of$ 0.05 per share when it actually produced a loss of $0.04, delivering a surprise of 20%.Over the last four quarters, the company ...