Allurion Technologies Q3 EPS $(0.54) Down From $(0.53) YoY, Sales $18.20M Up From $16.06M YoY
Portfolio Pulse from Benzinga Newsdesk
Allurion Technologies (NYSE:ALUR) reported a slight increase in its Q3 losses to $(0.54) per share compared to $(0.53) per share in the same quarter last year. However, the company's sales rose to $18.20 million, marking a 13.30% increase from $16.06 million in the previous year's quarter.
November 13, 2023 | 1:16 pm
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NEUTRAL IMPACT
Allurion Technologies reported a marginal increase in quarterly losses but showed significant sales growth compared to the same period last year.
The slight increase in losses may be viewed negatively by investors, but the substantial growth in sales could offset concerns and suggest business expansion. The mixed results present a neutral short-term impact as the market weighs the opposing factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100