Cue Health Q2 Adj $(0.51) Misses $(0.50) Estimate, Sales $9.90M Miss $13.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cue Health (NASDAQ:HLTH) reported Q2 losses of $(0.55) per share, missing the analyst consensus estimate of $(0.50) by 10%. This is a 48.65% decrease over losses of $(0.37) per share from the same period last year. The company also reported quarterly sales of $9.90 million, missing the analyst consensus estimate of $13.36 million by 25.93%. This is a 88.72% decrease over sales of $87.70 million the same period last year.
August 09, 2023 | 8:42 pm
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NEGATIVE IMPACT
Cue Health's Q2 earnings missed estimates, with a 10% greater loss per share than expected and a 25.93% lower sales than expected. This represents significant decreases from the same period last year.
Cue Health's Q2 earnings report shows a greater loss per share and lower sales than expected, both of which are significantly lower than the same period last year. This negative financial performance is likely to negatively impact the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100