Rapid Micro Biosystems Q1 2024 GAAP EPS $(0.31) Misses $(0.29) Estimate, Sales $5.611M Beat $5.500M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rapid Micro Biosystems reported Q1 2024 GAAP EPS of $(0.31), missing the $(0.29) estimate, but sales of $5.611M exceeded the $5.500M estimate, marking a year-over-year sales increase of 11.44%.
May 03, 2024 | 11:03 am
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Rapid Micro Biosystems missed EPS estimates but exceeded sales forecasts in Q1 2024, showing a significant year-over-year sales growth.
While the EPS miss might concern some investors, the sales beat and notable year-over-year growth could signal underlying strength in the company's business model and market demand for its products. The mixed results present a neutral short-term outlook as the positive sales performance may offset concerns over the earnings miss.
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RELEVANCE 100