Masimo Corporation Reports Preliminary Q2 Revenue $453M-$457M Vs $553.23M Est.
Portfolio Pulse from Benzinga Newsdesk
Masimo Corporation has reported its preliminary Q2 revenue to be between $453M and $457M, which is lower than the estimated $553.23M.
July 17, 2023 | 8:36 pm
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Masimo Corporation's Q2 revenue is lower than estimated, which could negatively impact its stock price.
Companies that report earnings lower than estimates typically see a negative impact on their stock price as it indicates underperformance. Given that Masimo's Q2 revenue is significantly lower than estimated, it's likely that this will negatively impact the company's stock price in the short term.
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