iRhythm Technologies Q4 2023 Adj EPS $(0.84) Misses $(0.60) Estimate, Sales $132.50M Beat $130.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
iRhythm Technologies (IRTC) reported Q4 2023 adjusted EPS of $(0.84), missing the $(0.60) estimate, but sales of $132.50M exceeded the $130.24M estimate, marking a 17.66% year-over-year increase.
February 22, 2024 | 9:09 pm
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iRhythm Technologies reported a Q4 2023 adjusted EPS of $(0.84), missing estimates, but sales of $132.50M beat forecasts and grew 17.66% YoY.
The mixed results with a significant miss in EPS but a beat in sales and notable year-over-year growth suggest a neutral short-term impact. The sales growth indicates strong demand for iRhythm's products, potentially offsetting the negative sentiment from the EPS miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100