Prenetics Global Q4 Adjusted EPS $(0.51) Beats $(0.75) Estimate, Sales $5.43M May Not Be Comparable To $17.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Prenetics Global (NASDAQ:PRE) reported Q4 adjusted EPS of $(0.51), surpassing the $(0.75) estimate, marking a significant decrease from last year's $1.30 per share. However, their quarterly sales of $5.43M fell short of the $17.60M estimate, despite being a 90.84% increase from the previous year.
April 01, 2024 | 11:44 am
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Prenetics Global reported a Q4 adjusted EPS of $(0.51), beating estimates but showing a significant year-over-year decline. Sales increased from the previous year but missed expectations.
While Prenetics Global beat EPS estimates, the significant decrease from the previous year's earnings and the miss on sales estimates could lead to mixed investor sentiment. The improvement in sales year-over-year is positive, but failing to meet analyst expectations might temper any potential stock price increase.
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