Delcath Systems Q2 EPS $(0.58) Beats $(0.60) Estimate, Sales $495.00K Miss $740.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Delcath Systems reported Q2 losses of $(0.58) per share, beating the analyst consensus estimate of $(0.60) by 3.33%. However, the company's quarterly sales of $495.00K missed the analyst consensus estimate of $740.00K by 33.11%. This represents a 50.85% increase in losses and a 37.89% decrease in sales compared to the same period last year.
August 09, 2023 | 9:38 pm
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Delcath Systems' Q2 earnings beat estimates but sales missed, indicating mixed performance.
While Delcath Systems beat earnings estimates, which is generally positive for the stock, it missed on sales, which is generally negative. The mixed results make it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100