OpGen Q3 EPS $(0.46) Misses $(0.43) Estimate, Sales $699.02K Miss $900.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
OpGen Inc. (NASDAQ:OPGN) reported a Q3 EPS of $(0.46), missing the $(0.43) estimate, and sales of $699.02K, falling short of the $900.00K estimate. Despite these misses, the reported losses and sales figures represent significant improvements over the same period last year, with a 92.33% decrease in losses and a 55.78% increase in sales.
November 14, 2023 | 10:35 pm
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NEGATIVE IMPACT
OpGen reported a larger-than-expected Q3 loss per share and lower sales compared to analyst estimates, but showed improvement from the previous year.
The negative earnings per share and sales miss are likely to disappoint investors, leading to a potential short-term negative impact on OpGen's stock price. However, the significant year-over-year improvement in both losses and sales may provide some counterbalance to the negative results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100