(Akoustis Technologies:AKTS) stock rose by 8.77% after the company reported their Q4 earnings results on Monday, August 30, 2021 at 07:01 PM.
Here's what investors need to know about the announcement.
Akoustis Technologies miss their estimated earnings by 18.75%, which surprised analysts.
Revenue was up $1,791,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13, which was followed by a 3.61% drop in the share price the next day.
Here's a look at Akoustis Technologies's past performance and the resulting price change:
|Quarter||Q4 2021||Q3 2021||Q2 2021||Q1 2021||Q4 2020|
|Price Change %||8.77%||-3.61%||11.74%||-2.93%||-0.12%|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Akoustis Technologies earnings and revenue guidance hasn't been issued for now.
Listen to the earnings announcement yourself by clicking here.
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