Edap TMS Q3 EPS $(0.11), Inline, Sales $12.69M Miss $16.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Edap TMS (NASDAQ:EDAP) reported Q3 losses of $(0.11) per share, in line with analyst consensus. However, the company's quarterly sales of $12.69 million missed the analyst consensus estimate of $16.21 million by 21.70 percent. This represents a 3.50 percent increase over sales of $12.26 million the same period last year.
November 09, 2023 | 11:15 am
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EDAP's Q3 earnings were in line with expectations, but sales missed estimates by 21.70%. Despite the miss, sales are up 3.50% YoY.
EDAP's earnings were as expected, which is positive. However, the company's sales missed estimates by a significant margin, which is likely to negatively impact the stock price in the short term. The YoY sales growth might mitigate the impact slightly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100