Cue Health: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Cue Health (NASDAQ:HLTH) reported its Q3 earnings, beating estimated earnings by 6.67% with an EPS of $-0.42 versus an estimate of $-0.45. However, revenue was down $52.11 million from the same period last year. Last quarter, the company missed on EPS by $0.01, which was followed by a 4.55% drop in the share price the next day.
November 08, 2023 | 9:45 pm
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Cue Health beat Q3 earnings estimates but reported a significant drop in revenue compared to the same period last year. Past performance shows a share price drop following an EPS miss.
While Cue Health beat earnings estimates, the significant drop in revenue could be a concern for investors. Additionally, past performance shows that the company's share price can be sensitive to earnings misses, which could make investors cautious.
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