American Well Q4 2023 GAAP EPS $(0.17) Beats $(0.20) Estimate, Sales $70.68M Beat $70.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Well (AMWL) reported Q4 2023 earnings with a GAAP EPS of $(0.17), surpassing the $(0.20) estimate. Sales reached $70.68M, slightly above the $70.20M forecast but marked a 10.80% decrease from the previous year.
February 14, 2024 | 9:19 pm
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American Well exceeded Q4 2023 earnings and sales estimates, with an EPS of $(0.17) and sales of $70.68M, despite a year-over-year sales decline.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. However, the year-over-year decline in sales might temper some of the positive momentum, indicating a mixed but overall positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100