Myomo: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Myomo (AMEX:MYO) reported its Q3 earnings results, beating estimated earnings by 33.33% with an EPS of $-0.06 versus an estimate of $-0.09. Revenue was up $1.11 million from the same period last year. Last quarter, the company missed on EPS by $0.01, which was followed by a 7.67% drop in the share price the next day.
November 07, 2023 | 9:35 pm
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Myomo's Q3 earnings beat estimates by 33.33%, and revenue increased by $1.11 million YoY. However, last quarter's EPS miss led to a 7.67% share price drop.
Myomo's better-than-expected Q3 earnings and increased revenue could boost investor confidence and potentially lead to a short-term increase in the stock price. However, investors may also remember the share price drop following last quarter's earnings miss, which could temper enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100