Lucid Diagnostics Q3 Adj EPS $(0.22) Beats $(0.27) Estimate, Sales $783.00K Beat $780.00K Estimate
Portfolio Pulse from mahesh@benzinga.com
Lucid Diagnostics (NASDAQ:LUCD) reported Q3 adjusted EPS of $(0.22), surpassing the $(0.27) estimate, and sales of $783K, slightly beating the $780K estimate. This reflects a significant improvement from the same period last year, with a 21.43% decrease in losses and a 930.26% increase in sales.
November 13, 2023 | 10:54 pm
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Lucid Diagnostics reported better-than-expected Q3 earnings and a slight sales beat, indicating strong year-over-year growth.
Lucid Diagnostics' positive earnings report, with a beat on both EPS and sales estimates, is likely to instill investor confidence and could lead to a short-term uptick in the stock price. The substantial year-over-year growth in sales and reduced losses are key indicators of the company's improving financial health, which is typically rewarded by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100