Butterfly Network Q2 EPS $(0.14) Beats $(0.17) Estimate, Sales $18.49M Beat $17.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Butterfly Network reported Q2 earnings per share of $(0.14), beating the analyst consensus estimate of $(0.17) by 17.65%. The company also reported quarterly sales of $18.49 million, surpassing the analyst consensus estimate of $17.37 million by 6.43%. However, this represents a 3.79% decrease in sales compared to the same period last year.
August 04, 2023 | 1:08 pm
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NEUTRAL IMPACT
Butterfly Network's Q2 earnings and sales beat analyst estimates, which could positively impact the stock in the short term. However, the decrease in sales YoY might temper this positive impact.
While the company beat analyst estimates for both earnings and sales, the decrease in sales compared to the same period last year could be a cause for concern among investors, potentially limiting the positive impact of the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100