Biolase Q4 EPS $(1.76) Beats $(2.55) Estimate, Sales $13.49M Miss $13.55M Estimate
Portfolio Pulse from dijoy@benzinga.com
Biolase (NASDAQ:BIOL) reported Q4 earnings with losses of $(1.76) per share, surpassing the $(2.55) estimate, marking a significant improvement from last year's $(128.00) per share. However, their $13.49M in sales fell slightly short of the $13.55M estimate, representing a 3.99% decrease from the previous year.
March 21, 2024 | 8:16 pm
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POSITIVE IMPACT
Biolase reported a significant improvement in Q4 earnings, beating EPS estimates but slightly missing sales forecasts.
The significant beat on the EPS estimate and the improvement from last year's losses are likely to be viewed positively by investors, potentially leading to a short-term uptick in BIOL's stock price. However, the slight miss on sales forecasts could temper some of the enthusiasm, hence the importance is not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100