Tivic Health Systems Q3 EPS $(1.48) Beats $(7.00) Estimate, Sales $282.00K Miss $780.00K Estimate
Portfolio Pulse from totan@benzinga.com
Tivic Health Systems (NASDAQ:TIVC) reported Q3 earnings with a loss of $(1.48) per share, significantly beating the $(7.00) estimate. Despite the improvement over last year's $(27.00) loss per share, the company's sales of $282.00K fell short of the expected $780.00K, marking a 40.88% decrease from the previous year's sales.
November 14, 2023 | 9:33 pm
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NEUTRAL IMPACT
Tivic Health Systems surpassed EPS estimates but reported lower sales than expected, indicating mixed financial performance in Q3.
The significant beat on the EPS estimate may provide a positive sentiment among investors, as it shows a substantial improvement over the previous year's performance. However, the miss on sales estimates and the year-over-year decline in revenue could raise concerns about the company's growth prospects, potentially offsetting the positive impact of the EPS beat. The mixed results lead to a neutral score, as the market may react positively to the earnings surprise but negatively to the sales performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100