Tenon Medical Q4 2023 GAAP EPS $(0.68) Beats $(1.38) Estimate, Sales $808.000K Miss $1.063M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tenon Medical (NASDAQ:TNON) reported Q4 2023 GAAP EPS of $(0.68), surpassing the $(1.38) estimate, but its sales of $808K fell short of the $1.063M estimate. This represents a 191.70% increase in sales compared to the same period last year.
March 12, 2024 | 8:36 pm
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Tenon Medical reported better-than-expected Q4 2023 EPS but missed sales estimates, with a significant year-over-year sales increase.
While Tenon Medical's EPS outperformance is positive, the miss on sales estimates could temper investor enthusiasm. However, the substantial year-over-year sales growth indicates strong underlying business momentum, which might balance investor sentiment in the short term.
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