MultiPlan Q4 Sales $244.10M Miss $247.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
MultiPlan reported Q4 sales of $244.10M, missing the consensus estimate of $247.03M by 1.19%, but marking a 1.25% increase from the previous year.
February 29, 2024 | 11:04 am
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MultiPlan's Q4 sales of $244.10M missed estimates by 1.19% but showed a 1.25% increase from last year.
Missing the consensus estimate, even by a small margin, can lead to negative investor sentiment in the short term, potentially impacting MPLN's stock price negatively. However, the year-over-year growth indicates underlying strength, which might mitigate the negative impact to some extent.
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IMPORTANCE 75
RELEVANCE 100