Paragon 28 Sees Prelim. Q4 Revenue $60.3M-$60.6M vs $52.09M Est., Sees Prelim. 2023 Revenue $216.1M-$216.4M vs $216.09M Est.
Portfolio Pulse from Benzinga Newsdesk
Paragon 28 announced preliminary Q4 revenue of $60.3M-$60.6M, surpassing the estimate of $52.09M. The company also provided preliminary 2023 revenue guidance of $216.1M-$216.4M, which is in line with the estimated $216.09M.
January 08, 2024 | 2:30 pm
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POSITIVE IMPACT
Paragon 28, trading under the symbol FNA, reported higher-than-expected Q4 revenue and provided 2023 revenue guidance that aligns with estimates.
The positive preliminary Q4 revenue report from Paragon 28 suggests strong performance, likely leading to a positive short-term impact on the stock price. The 2023 revenue guidance being in line with estimates indicates stability and may reinforce investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100