ICU Medical Q4 2023 Adj EPS $1.57 Beats $1.19 Estimate, Sales $587.86M Beat $563.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
ICU Medical reported Q4 2023 adjusted EPS of $1.57, surpassing the $1.19 estimate, with sales of $587.86M exceeding the $563.02M forecast. This represents a 1.70% increase in sales compared to the same period last year.
February 27, 2024 | 9:09 pm
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ICU Medical's Q4 2023 earnings and sales exceeded analyst expectations, with a notable year-over-year sales increase.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant beat on both fronts, coupled with year-over-year sales growth, underscores the company's strong performance and may boost investor confidence.
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