Tactile Systems Tech Q2 Adj EPS $0.04 Beats $(0.07) Estimate, Sales $68.34M Beat $65.48M Estimate
Portfolio Pulse from totan@benzinga.com
Tactile Systems Tech (NASDAQ:TCMD) reported Q2 earnings of $0.04 per share, beating the analyst consensus estimate of $(0.07) by 157.14%. This is a 126.67% increase over losses of $(0.15) per share from the same period last year. The company also reported quarterly sales of $68.34 million, beating the analyst consensus estimate of $65.48 million by 4.37%. This is a 14.58% increase over sales of $59.65 million the same period last year.
August 07, 2023 | 8:16 pm
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Tactile Systems Tech reported better than expected Q2 earnings and sales, which could positively impact its stock price.
Tactile Systems Tech reported Q2 earnings and sales that beat analyst estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100