American Well Q2 EPS $(0.33) Misses $(0.22) Estimate, Sales $62.45M Miss $65.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Well (NYSE:AMWL) reported Q2 losses of $(0.33) per share, missing the analyst consensus estimate of $(0.22) by 50%. This is a 32% decrease over losses from the same period last year. The company also reported quarterly sales of $62.45 million, missing the analyst consensus estimate of $65.86 million by 5.18%. This is a 3.21% decrease over sales from the same period last year.
August 04, 2023 | 12:25 pm
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NEGATIVE IMPACT
American Well's Q2 earnings and sales missed analyst estimates, indicating a potential negative impact on the stock.
American Well's Q2 earnings and sales missed analyst estimates, which is typically a negative signal for the stock. Investors may react negatively to the news, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100