Butterfly Network Q3 EPS $(0.13) Beats $(0.14) Estimate, Sales $15.42M Beat $15.28M Estimate
Portfolio Pulse from mahesh@benzinga.com
Butterfly Network (NYSE:BFLY) reported Q3 earnings per share (EPS) of $(0.13), beating the analyst consensus estimate of $(0.14) by 7.14%. This is a 51.85% increase over losses from the same period last year. The company also reported quarterly sales of $15.42 million, beating the analyst consensus estimate of $15.28 million by 0.92%. However, this is a 21.39% decrease over sales from the same period last year.
November 02, 2023 | 8:41 pm
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NEUTRAL IMPACT
Butterfly Network's Q3 earnings beat estimates, but sales decreased compared to last year.
While Butterfly Network beat EPS and sales estimates, the decrease in sales compared to the same period last year could potentially offset the positive impact of the earnings beat. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100