908 Devices Q2 EPS $(0.29) Beats $(0.33) Estimate, Sales $12.10M Beat $10.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
908 Devices reported Q2 earnings per share (EPS) of $(0.29), beating the analyst consensus estimate of $(0.33) by 12.12%. However, this is a 11.54% decrease from the same period last year. The company also reported quarterly sales of $12.10 million, surpassing the analyst consensus estimate of $10.36 million by 16.80%, and marking an 8.95% increase from the same period last year.
August 08, 2023 | 11:01 am
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POSITIVE IMPACT
908 Devices' Q2 results surpassed analyst estimates for both EPS and sales, which could potentially boost investor confidence in the short term.
908 Devices reported better-than-expected Q2 results, with both EPS and sales beating analyst estimates. This positive financial performance could potentially lead to an increase in the company's stock price in the short term, as it may boost investor confidence in the company's profitability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100