CVRx: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
CVRx (NASDAQ:CVRX) reported Q4 earnings with an EPS of $-0.44, beating estimates by 18.52% against the expected $-0.54. Revenue increased by $4.13 million compared to the same period last year. Historically, CVRx's share price increased by 2.41% the day after beating EPS estimates last quarter.
January 25, 2024 | 9:10 pm
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CVRx reported a better-than-expected Q4 EPS of $-0.44, surpassing estimates by 18.52%, with a notable year-over-year revenue increase. This positive earnings report may lead to a short-term uptick in stock price.
CVRx's earnings beat and revenue increase are strong indicators of the company's performance, which historically have led to a positive reaction in the stock price the following day. Given the company's past trend of a share price increase after beating EPS estimates, it is likely that the stock will experience a similar short-term positive impact.
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