NanoString Technologies Q3 Adj EPS $(0.44) Beats $(0.58) Estimate, Sales $48.09M Beat $47.21M Estimate
Portfolio Pulse from bharat@benzinga.com
NanoString Technologies (NASDAQ:NSTG) reported Q3 losses of $(0.44) per share, beating the analyst consensus estimate of $(0.58) by 24.14 percent. This is a 44.3 percent increase over losses from the same period last year. The company also reported quarterly sales of $48.09 million, beating the analyst consensus estimate of $47.21 million by 1.86 percent, a 62.79 percent increase over sales from the same period last year.
November 06, 2023 | 9:26 pm
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POSITIVE IMPACT
NanoString Technologies reported better than expected Q3 results, with losses and sales beating estimates. This could potentially lead to a positive market reaction.
NanoString Technologies reported Q3 results that beat analyst estimates both in terms of losses per share and sales. This is generally seen as a positive signal by the market and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100