Tivic Health Systems Q2 EPS $(0.07) Beats $(0.08) Estimate, Sales $161.00K Miss $630.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Tivic Health Systems (NASDAQ:TIVC) reported Q2 losses of $(0.07) per share, beating the analyst consensus estimate of $(0.08) by 12.5%. However, the company's quarterly sales of $161.00K missed the analyst consensus estimate of $630.00K by 74.44%. This represents a 69.51% decrease over sales from the same period last year.
August 14, 2023 | 8:46 pm
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NEUTRAL IMPACT
Tivic Health Systems beat EPS estimates but missed on sales. This could lead to mixed reactions in the market.
Tivic Health Systems reported better than expected earnings per share, which is a positive signal for investors. However, the company missed sales estimates by a significant margin, which could negatively impact investor sentiment. The net effect on the stock price could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100