Recap: Masimo Q3 Earnings
Portfolio Pulse from Benzinga Insights
Masimo (NASDAQ:MASI) reported Q3 earnings, beating estimated earnings by 6.78% with an EPS of $0.63, against an estimate of $0.59. However, revenue was down $70.40 million from the same period last year. Last quarter, the company missed on EPS by $0.24, which led to a 1.7% drop in the share price the next day.
November 07, 2023 | 9:25 pm
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Masimo beat Q3 earnings estimates but reported a significant drop in revenue compared to the same period last year. Last quarter's EPS miss led to a share price drop.
While Masimo beat earnings estimates, the significant drop in revenue could be a concern for investors. Additionally, the company's share price dropped after missing EPS estimates last quarter, which could influence investor sentiment.
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