RxSight: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
RxSight (NASDAQ:RXST) reported its Q3 earnings, beating estimated earnings by 55.81% with an EPS of $-0.19 versus an estimate of $-0.43. Revenue was up $9.58 million from the same period last year. Last quarter, the company beat on EPS by $0.19, which was followed by a 2.74% increase in the share price the next day.
November 09, 2023 | 9:25 pm
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RxSight's Q3 earnings beat estimates by 55.81%, and revenue increased by $9.58 million YoY. The company's past performance shows a positive correlation between earnings beat and share price increase.
RxSight's Q3 earnings beat estimates significantly, which is a positive signal for investors. Additionally, the company's revenue increased YoY, indicating growth. In the past, such earnings beats have led to increases in the share price, suggesting a potential positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100