Vericel Q4 GAAP EPS $0.26 Beats $0.17 Estimate, Sales $65.00M Beat $63.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vericel (NASDAQ:VCEL) reported Q4 GAAP EPS of $0.26, surpassing the $0.17 estimate, and sales of $65.00M, exceeding the $63.93M estimate. This represents a 116.67% increase in earnings and a 23.35% increase in sales from the same period last year.
February 29, 2024 | 12:56 pm
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POSITIVE IMPACT
Vericel reported a significant beat on both earnings and sales estimates for Q4, with a notable year-over-year growth in both metrics.
Vericel's substantial beat on both earnings per share and sales estimates, coupled with impressive year-over-year growth, is likely to positively influence investor sentiment and the stock price in the short term. The company's performance significantly exceeds analyst expectations, indicating strong operational efficiency and market demand for its products.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100