ATI Physical Therapy Q1 2024 GAAP EPS $(4.61) Misses $(4.37) Estimate, Sales $181.472M Miss $181.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
ATI Physical Therapy (NYSE:ATIP) reported Q1 2024 GAAP EPS of $(4.61), missing the $(4.37) estimate, and sales of $181.472M, slightly below the $181.900M estimate. Despite these misses, both losses per share and sales showed improvement over the previous year, with losses per share decreasing by 38.53% and sales increasing by 8.71% compared to the same period last year.
May 06, 2024 | 8:16 pm
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ATI Physical Therapy reported a Q1 2024 GAAP EPS of $(4.61), missing estimates, and sales of $181.472M, slightly below expectations but showing year-over-year improvement.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the year-over-year improvement in both metrics indicates a positive trend that might mitigate some of the negative impact.
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