Valens Semiconductor Q1 2024 Adj EPS $(0.06) Misses $(0.03) Estimate, Sales $11.559M Beat $11.071M Estimate

Valens Semiconductor (NYSE:VLN) reported quarterly losses of $(0.06) per share which missed the analyst consensus estimate of $(0.03) by 100 percent. This is a 100 percent decrease over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $11.559 million which beat the analyst consensus estimate of $11.071 million by 4.40 percent. This is a 51.60 percent decrease over sales of $23.880 million the same period last year.