Merit Medical Systems Q2 EPS $0.81 Beats $0.75 Estimate, Sales $320.06M Beat $310.45M Estimate
Portfolio Pulse from mahesh@benzinga.com
Merit Medical Systems (NASDAQ:MMSI) reported Q2 earnings of $0.81 per share, beating the analyst consensus estimate of $0.75 by 8%. This is a 10.96% increase over earnings of $0.73 per share from the same period last year. The company also reported quarterly sales of $320.06 million, beating the analyst consensus estimate of $310.45 million by 3.09%. This is an 8.50% increase over sales of $294.98 million the same period last year.
July 25, 2023 | 8:09 pm
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POSITIVE IMPACT
Merit Medical Systems reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term.
Merit Medical Systems reported Q2 earnings and sales that beat analyst estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100