Penumbra Q4 2023 Adj EPS $0.76 Beats $0.70 Estimate, Sales $284.68M Miss $286.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
Penumbra (NYSE:PEN) reported Q4 2023 adjusted EPS of $0.76, surpassing the $0.70 estimate, marking a 375% increase from the previous year. However, its sales of $284.68M fell short of the $286.56M estimate, despite a 28.69% year-over-year increase.
February 22, 2024 | 9:14 pm
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Penumbra's Q4 2023 earnings surpassed estimates with an adjusted EPS of $0.76, a significant increase from the previous year, but sales slightly missed expectations.
The positive earnings surprise and significant year-over-year growth in EPS are likely to be viewed favorably by investors, potentially leading to a short-term positive impact on PEN's stock price. However, the slight miss in sales estimates could temper some of the positive sentiment.
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