Recap: Masimo Q4 Earnings
Portfolio Pulse from Benzinga Insights
Masimo (NASDAQ:MASI) reported Q4 earnings with an EPS of $1.25, beating estimates by 45.0% against an expected $0.86. However, revenue decreased by $68.10 million from the same period last year. In the previous quarter, Masimo also surpassed EPS estimates, which led to a 4.0% share price increase the following day.
February 27, 2024 | 9:20 pm
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Masimo reported a significant beat on Q4 EPS estimates but experienced a decrease in revenue compared to last year.
The substantial beat on EPS estimates is likely to positively impact investor sentiment and potentially lead to a short-term increase in stock price, similar to the previous quarter's performance post-earnings announcement. However, the decrease in revenue could temper some of the positive momentum, making the overall impact more nuanced.
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