American Well Q3 Adj EPS $(0.21), Inline, Sales $61.92M Miss $63.17M Estimate
Portfolio Pulse from bharat@benzinga.com
American Well (NYSE:AMWL) reported Q3 losses of $(0.21) per share, in line with analyst consensus. However, the company's quarterly sales of $61.92 million missed the analyst consensus estimate of $63.17 million by 1.98 percent. This represents a 10.53 percent decrease over sales of $69.21 million from the same period last year.
November 01, 2023 | 9:00 pm
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American Well's Q3 earnings were in line with estimates, but sales missed expectations and decreased 10.53% YoY.
American Well's Q3 earnings report shows that while the company's losses per share were in line with analyst expectations, its sales missed estimates and decreased compared to the same period last year. This could negatively impact investor sentiment and the company's stock price in the short term.
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