CollPlant Biotechnologies Q2 Adjusted EPS $0.52 Beats $0.01 Estimate, Sales $10.18M Beat $5.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
CollPlant Biotechnologies (NASDAQ:CLGN) reported Q2 earnings of $0.52 per share, beating the analyst consensus estimate of $0.01 by 5100 percent. This is a 244.44 percent increase over losses of $(0.36) per share from the same period last year. The company also reported quarterly sales of $10.18 million, beating the analyst consensus estimate of $5.15 million by 97.75 percent. This is a 15.33K percent increase over sales of $66.00 thousand the same period last year.
August 24, 2023 | 11:05 am
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CollPlant Biotechnologies reported significantly higher Q2 earnings and sales than expected, indicating strong performance.
The company's Q2 earnings and sales significantly exceeded estimates, indicating strong performance. This is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100