BrainsWay Q2 EPS $(0.10) Beats $(0.17) Estimate, Sales $7.83M Beat $7.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
BrainsWay (NASDAQ:BWAY) reported Q2 earnings per share of $(0.10), beating the analyst consensus estimate of $(0.17) by 41.18%. This is a 28.57% increase over losses from the same period last year. The company also reported quarterly sales of $7.83 million, beating the analyst consensus estimate of $7.03 million by 11.37%, but marking a 2.21% decrease from the same period last year.
August 09, 2023 | 11:35 am
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POSITIVE IMPACT
BrainsWay's Q2 earnings and sales beat estimates, but sales are down YoY.
BrainsWay's better-than-expected Q2 earnings and sales could boost investor confidence and potentially drive the stock price up in the short term. However, the YoY decrease in sales could be a concern for some investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100