LENSAR Q2 EPS $(0.81) Misses $(0.35) Estimate, Sales $12.01M Beat $10.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
LENSAR (NASDAQ:LNSR) reported Q2 losses of $(0.81) per share, missing the analyst consensus estimate of $(0.35) by 131.43%. This is a 20.9% decrease over losses from the same period last year. However, the company's quarterly sales of $12.01 million beat the analyst consensus estimate of $10.00 million by 20.12%, marking a 49.44% increase over sales from the same period last year.
August 09, 2023 | 11:19 am
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NEGATIVE IMPACT
LENSAR's Q2 earnings per share missed estimates by a significant margin, but sales exceeded expectations.
LENSAR's larger than expected loss per share could negatively impact the stock price in the short term. However, the strong sales performance may mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100