Olink Holding Q3 EPS $(0.01) Beats $(0.08) Estimate, Sales $44.15M Beat $43.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Olink Holding (NASDAQ:OLK) reported Q3 earnings per share (EPS) of $(0.01), surpassing the $(0.08) estimate, and sales of $44.15M, exceeding the $43.24M estimate. The EPS remained the same as last year, while sales saw a significant increase of 38.97% from $31.77M in the same period last year.
November 15, 2023 | 12:14 pm
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POSITIVE IMPACT
Olink Holding reported better-than-expected Q3 EPS and sales, with EPS beating estimates by 87.5% and sales growing by 38.97% compared to the same quarter last year.
The positive earnings report, with both EPS and sales beating analyst estimates, is likely to instill investor confidence and could lead to a short-term uptick in OLK's stock price. The substantial year-over-year sales growth further strengthens the company's financial position.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100