iRhythm Technologies Q1 2024 Adj EPS $(1.23) Misses $(0.98) Estimate, Sales $131.900M Beat $128.411M Estimate
Portfolio Pulse from Benzinga Newsdesk
iRhythm Technologies (IRTC) reported Q1 2024 adjusted EPS of $(1.23), missing the $(0.98) estimate, but sales of $131.9M exceeded the $128.411M forecast, marking an 18.36% increase from the previous year.
May 02, 2024 | 8:40 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
iRhythm Technologies reported a Q1 2024 adjusted EPS of $(1.23), missing estimates, but sales of $131.9M beat forecasts, showing significant growth.
The missed EPS estimate may concern investors about profitability, potentially putting downward pressure on the stock. However, the sales beat and significant year-over-year growth could offset concerns, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100