UPDATE: 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 $(0.51) per share, missing the analyst consensus estimate of $(0.50) by 2 percent. This is a 37.84 percent decrease 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 percent, a decrease of 88.72 percent from the same period last year.
August 09, 2023 | 8:54 pm
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Cue Health's Q2 results missed estimates, with losses increasing by 37.84% YoY and sales decreasing by 88.72% YoY.
Cue Health's Q2 results missed analyst estimates, with losses per share and sales both falling short. This indicates a negative financial performance, which is likely to negatively impact investor sentiment and potentially the stock price in the short term.
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