NanoString Technologies Q2 Adj $(0.58) Beats $(0.67) Estimate, Sales $44.16M Beat $42.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
NanoString Technologies reported Q2 losses of $(0.92) per share, missing the analyst consensus estimate of $(0.67) by 37.31%. This is a 43.75% decrease over losses from the same period last year. However, the company reported quarterly sales of $44.16 million, beating the analyst consensus estimate of $42.53 million by 3.83%. This is a 37.05% increase over sales from the same period last year.
August 04, 2023 | 2:26 pm
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NEUTRAL IMPACT
NanoString Technologies reported a larger than expected Q2 loss but beat sales estimates. This mixed result could lead to uncertain short-term price movements.
NanoString Technologies reported a larger than expected loss for Q2, which is generally negative for the stock price. However, the company also reported higher than expected sales, which is generally positive for the stock price. These mixed results could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100