Inogen: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Inogen (NASDAQ:INGN) reported its Q3 earnings, beating estimated earnings by 26.53% with an EPS of $-0.36 versus an estimate of $-0.49. However, revenue was down $21.42 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 13.6% drop in the share price the next day.
November 07, 2023 | 9:31 pm
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NEGATIVE IMPACT
Inogen's Q3 earnings beat estimates but saw a decrease in revenue. Past performance shows a share price drop following an earnings beat.
Inogen's earnings beat estimates, which is generally a positive signal. However, the company's revenue was down compared to the same period last year, which is a negative signal. Additionally, past performance shows that the company's share price dropped following an earnings beat last quarter. This combination of factors suggests a potential negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100