Sonendo Q4 EPS $(0.12) Beats $(0.14) Estimate, Sales $11.69M Miss $11.80M Estimate
Portfolio Pulse from Happy Mohamed
Sonendo (NYSE:SONX) reported Q4 earnings with EPS of $(0.12), beating the $(0.14) estimate, but missed sales estimates with $11.69M versus the expected $11.80M. This represents a 4.40% decrease in sales compared to the same period last year.
March 11, 2024 | 8:11 pm
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Sonendo reported a mixed Q4 earnings result, beating EPS estimates but missing on sales, with a year-over-year decrease in sales.
While beating EPS estimates is positive, missing sales estimates and a year-over-year decrease in sales could concern investors. The mixed results present a neutral outlook, as the positive EPS beat may offset concerns about sales performance in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100