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Navitas Semiconductor Analysts Cut Their Forecasts After Q2 Results

Navitas Semiconductor Corporation (NASDAQ:NVTS) reported mixed results for the second quarter on Monday. Navitas Semiconductor reported a quarterly loss of 7 cents per share which missed the analyst consensus estimate for a loss of 6 cents per share. The company reported quarterly sales of $20.468 million which beat the analyst consensus estimate of $20.013 million, according to data from Benzinga Pro. “We are pleased with our Q2 results at the high end of our guidance, major new design wins, and significant technology advances and launches,” said Gene Sheridan, CEO and co-founder. ...