Glaukos Q1 2024 Adj EPS $(0.70) Misses $(0.57) Estimate, Sales $85.600M Beat $79.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Glaukos reported Q1 2024 adjusted EPS of $(0.70), missing the $(0.57) estimate, but sales of $85.6M exceeded the $79.6M estimate, a 15.83% increase from last year.

May 01, 2024 | 8:07 pm
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NEUTRAL IMPACT
Glaukos missed EPS estimates but exceeded sales forecasts for Q1 2024, showing a significant year-over-year sales growth.
While the EPS miss might concern investors, the significant beat on sales forecasts and the strong year-over-year growth could offset negative sentiment. The mixed results present a neutral outlook in the short term as investors weigh the implications of earnings misses against sales growth.
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