GCT Semiconductor Holding Inc reports results for the quarter ended June 30 - Earnings Summary

• GCT Semiconductor Holding Inc GCTS.N reported a quarterly adjusted loss of 26 cents​​ per share for the quarter ended June 30. The lone analyst forecast for the quarter was for a loss of 14 cents per share.

• Revenue was $1.18 million​; analysts expected $2.30 million.

• GCT Semiconductor Holding Inc shares had fallen by 8.7% this quarter and lost 41.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 27.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for GCT Semiconductor Holding Inc is $4.50, about 69.8% above its last closing price of $1.36

This summary was machine generated from LSEG data August 12 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)