Recap: Establishment Labs Hldgs Q3 Earnings
Portfolio Pulse from Benzinga Insights
Establishment Labs Hldgs (NASDAQ:ESTA) reported its Q3 earnings, missing estimated earnings by 40.0% with an EPS of $-1.12 versus an estimate of $-0.8. However, revenue was up $261 thousand from the same period last year. Last quarter, the company beat EPS estimates which was followed by a 5.27% drop in the share price the next day.
November 07, 2023 | 9:11 pm
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Establishment Labs Hldgs missed Q3 earnings estimates by 40.0%, reporting an EPS of $-1.12. However, revenue increased by $261k compared to the same period last year.
The company's missed earnings estimates could negatively impact the stock price in the short term, as it indicates underperformance. However, the increase in revenue might mitigate this impact to some extent.
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