Elutia Q4 2023 GAAP EPS $(0.660) Misses $(0.280) Estimate, Sales $5.875M Miss $6.550M Estimate
Portfolio Pulse from Benzinga Newsdesk
Elutia reported Q4 2023 GAAP EPS of $(0.660), missing the $(0.280) estimate, with sales of $5.875M also missing the $6.550M estimate. This represents a 53.61% decrease in sales compared to the same period last year.
March 07, 2024 | 9:23 pm
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NEGATIVE IMPACT
Elutia's Q4 2023 earnings and sales missed estimates, with a significant year-over-year sales decrease.
Missing both EPS and sales estimates significantly, especially with such a drastic year-over-year sales decrease, typically leads to negative investor sentiment and could result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100