NuVasive Q2 EPS $0.56, Inline, Sales $317.80M Miss $323.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
NuVasive (NASDAQ:NUVA) reported Q2 earnings of $0.56 per share, in line with analyst consensus. This is a 19.15% increase from last year. However, the company's quarterly sales of $317.80 million missed the analyst consensus estimate of $323.59 million by 1.79%. Sales increased by 2.37% from the same period last year.
August 04, 2023 | 12:07 pm
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NuVasive's Q2 earnings met expectations, but sales missed estimates. This could potentially impact the company's stock price.
While NuVasive's earnings met expectations, the miss on sales could be a concern for investors. This mixed result could lead to uncertainty in the market, potentially impacting the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100