Recap: RxSight Q4 Earnings
Portfolio Pulse from Benzinga Insights
RxSight (NASDAQ:RXST) reported Q4 earnings with an EPS of $-0.13, beating estimates by 64.0% against an expected $-0.36. Revenue increased by $12.49 million from the same period last year. The company has consistently beaten EPS estimates over the past four quarters, with the share price increasing by 6.0% the day after last quarter's earnings were announced.
February 28, 2024 | 9:45 pm
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RxSight reported a significant beat on Q4 earnings with an EPS of $-0.13 against estimates of $-0.36 and a notable year-over-year revenue increase. The company has a history of beating EPS estimates, positively impacting its share price.
RxSight's significant beat on Q4 earnings and consistent history of surpassing EPS estimates suggest a positive short-term impact on its stock price. The company's ability to exceed expectations, coupled with a substantial year-over-year revenue increase, indicates strong financial health and operational efficiency, which are likely to be viewed favorably by investors. Historical data showing a 6.0% increase in share price following the last earnings beat further supports the expectation of a positive market reaction.
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