Penumbra: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Penumbra (NYSE:PEN) reported Q4 earnings with an EPS of $0.76, beating estimates by 8.57% and showing a revenue increase of $63.46 million from the previous year. Despite beating last quarter's EPS estimate, the share price dropped by 0.2% the following day.
February 22, 2024 | 9:15 pm
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Penumbra reported a Q4 EPS of $0.76, surpassing estimates by 8.57%, with a significant year-over-year revenue increase. Despite a positive earnings surprise last quarter, the stock experienced a slight drop.
Penumbra's Q4 earnings beat and revenue increase are positive indicators for the stock. However, historical context shows a slight drop in share price following last quarter's earnings beat, suggesting a cautious optimism for short-term stock movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100