Nevro Sees Prelim. FY23 Revenue $425M Vs $418.33M Est.
Portfolio Pulse from Benzinga Newsdesk
Nevro Corp. has announced preliminary revenue for FY23 of $425 million, surpassing the estimated $418.33 million.

January 09, 2024 | 1:40 pm
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Nevro Corp. reported preliminary FY23 revenue that exceeded analyst expectations, which could lead to positive investor sentiment and a potential increase in stock price.
Companies that report higher-than-expected revenues are often rewarded by the market with an increase in their stock price, as it indicates better financial health and performance than anticipated. Given that Nevro has surpassed revenue estimates, this is likely to be viewed positively by investors, leading to a short-term positive impact on NVRO's stock price.
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