Quanterix Q1 2024 GAAP EPS $(0.26) Beats $(0.33) Estimate, Sales $32.066M Beat $31.620M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quanterix (NASDAQ:QTRX) reported Q1 2024 earnings with a GAAP EPS of $(0.26), surpassing the $(0.33) estimate, and sales of $32.066M, exceeding the $31.620M estimate. This represents a 62.5% increase in losses per share but a 12.69% increase in sales compared to the same period last year.
May 07, 2024 | 8:11 pm
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Quanterix reported better-than-expected Q1 2024 earnings and sales, with a GAAP EPS of $(0.26) and sales of $32.066M.
Quanterix's earnings report showing both a smaller-than-expected loss and higher-than-expected sales suggests a positive outlook for the company. Despite the increase in losses compared to last year, the significant sales growth and beating of analyst estimates are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100