ProSomnus Q3 2023 EPS $(0.70) Misses $(0.34) Estimate, Sales $7.07M Beat $7.03M Estimate
Portfolio Pulse from totan@benzinga.com
ProSomnus (NASDAQ:OSA) reported Q3 2023 earnings with losses of $(0.70) per share, missing the analyst consensus estimate of $(0.34) by 105.88%. This is a 400% decrease from the same period last year. However, the company's quarterly sales of $7.07M beat the estimate of $7.03M by 0.58%, marking a 41.48% increase from last year.
November 09, 2023 | 9:54 pm
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NEGATIVE IMPACT
ProSomnus' Q3 2023 earnings report shows a significant miss on EPS estimates but a slight beat on sales estimates.
The company's earnings per share (EPS) missed the analyst consensus estimate by a significant margin, which could negatively impact investor sentiment and the stock price. However, the company beat sales estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100