Olink Holding: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Olink Holding (NASDAQ:OLK) reported Q3 earnings with an EPS of $-0.01, beating the estimate of $-0.08 by 87.5%. Revenue increased by $12.38 million compared to the same period last year. The company had previously beaten EPS estimates last quarter, which resulted in a 1.69% share price increase the following day.
November 15, 2023 | 2:45 pm
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Olink Holding reported a significant earnings beat for Q3, with an EPS of $-0.01 against an estimate of $-0.08 and a notable increase in revenue from the previous year.
Given the substantial earnings beat and the historical positive reaction to the last quarter's earnings beat, it is likely that OLK's stock price will experience a short-term increase. The company's consistent performance in surpassing earnings estimates and the year-over-year revenue growth are strong indicators of positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100