Avinger Q3 EPS $(2.92) Misses $(2.85) Estimate, Sales $1.82M Miss $2.39M Estimate
Portfolio Pulse from mahesh@benzinga.com
Avinger reported Q3 losses of $(2.92) per share, missing the analyst consensus estimate of $(2.85) by 2.46 percent. This is a 74.72 percent increase over losses from the same period last year. The company also reported quarterly sales of $1.82 million, missing the analyst consensus estimate of $2.39 million by 23.97 percent, a 19.32 percent decrease over sales from the same period last year.
October 26, 2023 | 8:18 pm
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NEGATIVE IMPACT
Avinger's Q3 earnings missed estimates, with higher losses and lower sales than expected.
Avinger's Q3 earnings report shows higher than expected losses and lower than expected sales. This negative financial performance is likely to negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100