Nuwellis Q2 EPS $(3.65) Beats $(4.02) Estimate, Sales $2.07M Miss $2.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nuwellis reported Q2 earnings per share (EPS) of $(3.65), beating the analyst consensus estimate of $(4.02) by 9.2%. However, the company's quarterly sales of $2.07 million missed the estimate of $2.19 million by 5.48%. Compared to the same period last year, the EPS increased by 91.1% while sales decreased by 6.46%.
August 08, 2023 | 12:16 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Nuwellis' Q2 EPS beat estimates, but sales fell short. While EPS improved significantly YoY, sales declined.
The mixed Q2 results, with EPS beating estimates but sales missing, could lead to neutral short-term price movement. The significant YoY improvement in EPS indicates operational efficiency, but the decline in sales could be a concern for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100