KORU Medical Systems Q3 Adj EPS $(0.03) Beats $(0.05) Estimate, Sales $7.00M Miss $7.93M Estimate
Portfolio Pulse from bharat@benzinga.com
KORU Medical Systems reported Q3 adjusted EPS of $(0.03), beating the estimate of $(0.05) by 40%. However, the company's sales of $7.00M missed the estimate of $7.93M by 11.69%, marking a 9.76% decrease from the same period last year.
November 08, 2023 | 10:04 pm
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NEUTRAL IMPACT
KORU Medical Systems reported better than expected Q3 EPS but missed on sales, which decreased by 9.76% YoY.
While KORU Medical Systems beat EPS estimates, which could have a positive impact on the stock, the company missed sales estimates and reported a decrease in sales YoY. These factors could offset each other, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100