How did NPKI's Q2 2024 earnings surprise impact short-term traders?

NPKI's Q2 2024 earnings beat expectations, with a reported EPS of $3.24, surpassing the analyst estimate of $3.19 by $0.05. Although revenue was in line with estimates at $3.13 billion, the positive earnings surprise likely had a short-term bullish impact on the stock, as it often leads to increased investor confidence and a potential price increase. However, the lack of revenue growth and a slight contraction in non-GAAP operating margin to 34.5% may have tempered the positive sentiment somewhat. Overall, the earnings beat was a positive signal for short-term traders, but it is important to consider other factors influencing the market.