Recap: Asensus Surgical Q4 Earnings
Portfolio Pulse from Benzinga Insights
Asensus Surgical (AMEX:ASXC) reported Q4 earnings, beating estimates with an EPS of $-0.07 against an expected $-0.08. Revenue increased by $2.97 million year-over-year. Despite beating last quarter's EPS estimate, the share price dropped by 6.0% the following day.
March 21, 2024 | 8:20 pm
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Asensus Surgical reported a Q4 EPS of $-0.07, surpassing the expected $-0.08, with a revenue increase of $2.97 million from the previous year.
While Asensus Surgical beat earnings estimates, the historical context of a share price drop following last quarter's earnings beat suggests a cautious outlook. The positive earnings report could provide some upward momentum, but investor reaction to past performance indicates a potential for mixed short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100