Myomo Q3 EPS $(0.06) Beats $(0.09) Estimate, Sales $5.08M Beat $4.15M Estimate
Portfolio Pulse from mahesh@benzinga.com
Myomo reported Q3 earnings per share (EPS) of $(0.06), beating the analyst consensus estimate of $(0.09) by 33.33%. This is an 85% increase over losses from the same period last year. The company also reported quarterly sales of $5.08M, beating the estimate of $4.15M by 22.41%, a 28.02% increase over sales from the same period last year.
November 07, 2023 | 9:34 pm
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POSITIVE IMPACT
Myomo's Q3 earnings and sales beat estimates, indicating a positive financial performance. This could potentially lead to a positive impact on the company's stock.
Myomo's Q3 earnings and sales exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in the stock price. The significant increase in earnings and sales compared to the same period last year also indicates strong financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100