Penumbra Q1 Adj $0.41 Beats $0.38 Estimate, Sales $278.65M Beat $274.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Penumbra reported Q1 adjusted earnings of $0.41 per share, surpassing the $0.38 estimate, and sales of $278.65M, exceeding the $274.89M estimate. This represents a 78.26% increase in earnings and a 15.43% increase in sales from the same period last year.
May 07, 2024 | 8:18 pm
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POSITIVE IMPACT
Penumbra's Q1 earnings and sales exceeded analyst estimates, showing substantial growth compared to last year.
Beating earnings and sales estimates typically leads to positive investor sentiment and can cause a stock price to rise in the short term. The significant year-over-year growth in both earnings and sales further strengthens the case for a positive impact on Penumbra's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100