Olink Holding Q4 EPS $(0.06) Misses $0.15 Estimate, Sales $68.55M Miss $89.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Olink Holding (NASDAQ:OLK) reported Q4 earnings per share (EPS) of $(0.06), missing the analyst consensus estimate of $0.15 by 140%. Quarterly sales were $68.55M, missing the estimate of $89.86M by 23.71%. This represents a 220% decrease in EPS and an 18.43% increase in sales compared to the same period last year.
March 25, 2024 | 12:14 pm
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NEGATIVE IMPACT
Olink Holding reported a significant miss in both EPS and sales estimates for Q4, with a 220% decrease in EPS and an 18.43% increase in sales year-over-year.
The significant miss in both EPS and sales estimates for Q4 is likely to negatively impact investor sentiment and the stock price of Olink Holding in the short term. The 220% decrease in EPS compared to the same period last year is particularly concerning, despite the 18.43% increase in sales, indicating that the company is facing challenges in maintaining profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100