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RE: LeoThread 2024-11-01 06:32

in LeoFinance3 months ago

ED: Slightly is the key here. A lot of what they did in the most recent quarter involved cutting costs, expenses, and headcount. They took a step back on investor payouts. Much of it is about retrenching. They did give a forecast for the fourth quarter that slightly exceeded analyst expectations, which was enough to get the stock moving. It is definitely up in after-hours trading. I look at the report and see they are not out of the woods yet by any stretch of the imagination. Their orders for AI chips still lack significant momentum, and they won’t meet the $500 million threshold that they had talked about.