Myomo Q2 EPS $(0.04) Misses $(0.03) Estimate, Sales $5.96M Beat $5.63M Estimate
Portfolio Pulse from saritha@benzinga.com
Myomo reported Q2 earnings per share (EPS) of $(0.04), missing the analyst consensus estimate of $(0.03) by 33.33%. However, the company's quarterly sales of $5.96M beat the estimate of $5.63M by 5.84%. Compared to the same period last year, the EPS increased by 90.48% and sales increased by 62.02%.
August 09, 2023 | 8:18 pm
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NEUTRAL IMPACT
Myomo's Q2 earnings missed estimates but sales beat expectations. The company's EPS and sales have significantly increased compared to the same period last year.
While Myomo's Q2 earnings missed the analyst consensus estimate, the company's sales beat expectations. Additionally, both EPS and sales have significantly increased compared to the same period last year. This mixed result may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100