908 Devices Q3 EPS $(0.22) Beats $(0.30) Estimate, Sales $14.30M Beat $13.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
908 Devices reported Q3 losses of $(0.22) per share, beating the analyst consensus estimate of $(0.30) by 26.67%. The company also reported quarterly sales of $14.30 million, surpassing the analyst consensus estimate of $13.45 million by 6.30%. However, both figures represent a decrease from the same period last year.
November 07, 2023 | 12:04 pm
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NEUTRAL IMPACT
908 Devices' Q3 results surpassed analyst estimates, which could positively impact the stock. However, the year-over-year decrease might temper investor enthusiasm.
908 Devices reported better-than-expected Q3 results, which is typically a positive signal for the stock. However, the year-over-year decrease in both EPS and sales might raise concerns among investors, potentially offsetting the positive impact of the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100