Establishment Labs Hldgs Q3 2023 Gaap EPS $(1.12) Misses $(0.80) Estimate, Sales $38.51M Miss $40.49M Estimate
Portfolio Pulse from saritha@benzinga.com
Establishment Labs Hldgs (NASDAQ:ESTA) reported Q3 2023 GAAP EPS of $(1.12), missing the $(0.80) estimate by 40%. This is a 47.37% decrease from the same period last year. The company also reported sales of $38.51M, missing the $40.49M estimate by 4.90%. However, this is a 0.68% increase from the same period last year.
November 07, 2023 | 9:02 pm
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Establishment Labs Hldgs reported a larger than expected loss and lower than expected sales for Q3 2023. This could negatively impact the company's stock in the short term.
Establishment Labs Hldgs reported a larger than expected loss and lower than expected sales for Q3 2023. This underperformance compared to analyst estimates could lead to a decrease in the company's stock price as it indicates that the company is not performing as well as expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100