MediWound Q3 EPS $(0.24) Beats $(0.44) Estimate, Sales $4.78M Beat $4.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
MediWound (NASDAQ:MDWD) reported Q3 earnings with a loss of $(0.24) per share, surpassing the $(0.44) estimate, marking a 45.45% beat and a 72.73% improvement from last year's $(0.88) loss per share. Sales reached $4.78M, slightly above the $4.74M estimate, but represent a 17.70% decline from the previous year's $5.80M.
November 21, 2023 | 12:05 pm
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MediWound reported better-than-expected Q3 EPS at $(0.24) vs. $(0.44) estimate and sales of $4.78M vs. $4.74M estimate, showing significant EPS improvement but a decrease in sales YOY.
The positive earnings surprise with a narrower loss than expected is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. However, the decrease in year-over-year sales may temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100