Recap: iRhythm Technologies Q4 Earnings
Portfolio Pulse from Benzinga Insights
iRhythm Technologies (NASDAQ:IRTC) reported Q4 earnings with a miss of 40.0% against estimates, posting an EPS of $-0.84 versus the expected $-0.6. Despite this, revenue increased by $19.89 million from the same period last year. In the previous quarter, a miss on EPS was followed by a 5.2% increase in share price the next day.
February 22, 2024 | 9:25 pm
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NEUTRAL IMPACT
iRhythm Technologies reported a significant miss in Q4 earnings but showed an increase in revenue compared to the previous year.
Despite the earnings miss, the increase in revenue and historical context of share price increase following an earnings miss suggest a neutral short-term impact. Investors may weigh the revenue growth against the earnings miss, leading to mixed reactions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100