ShockWave Medical Q2 EPS $0.76 Misses $0.87 Estimate, Sales $180.16M Beat $173.30M Estimate
Portfolio Pulse from bharat@benzinga.com
ShockWave Medical reported Q2 earnings of $0.76 per share, missing the analyst consensus estimate of $0.87 by 12.64%. However, the company's quarterly sales of $180.16 million beat the estimate of $173.30 million by 3.96%. This represents a 49.21% increase over sales from the same period last year.
August 07, 2023 | 8:05 pm
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ShockWave Medical's Q2 earnings per share missed estimates, but sales exceeded expectations and showed significant YoY growth.
While the company missed earnings estimates, the strong sales performance and YoY growth may offset the negative impact of the earnings miss in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100