Sonendo Q3 EPS $(0.18) Misses $(0.14) Estimate, Sales $10.41M Beat $10.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonendo (NYSE:SONX) reported Q3 losses of $(0.18) per share, missing the analyst consensus estimate of $(0.14) by 28.57%. However, this is a 61.7% improvement over the same period last year. The company's quarterly sales of $10.41 million beat the estimate of $10.36 million by 0.44%, marking a 5.69% increase from last year.
November 08, 2023 | 10:12 pm
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NEUTRAL IMPACT
Sonendo's Q3 earnings per share missed estimates, but sales beat expectations. The company's losses have improved compared to last year.
Sonendo's Q3 earnings per share missed the analyst consensus, which could negatively impact the stock. However, the company's sales beat estimates and losses improved compared to last year, which could offset the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100