Treace Medical Concepts Q1 2024 GAAP EPS $(0.30) Beats $(0.31) Estimate, Sales $51.108M Beat $49.065M Estimate
Portfolio Pulse from Benzinga Newsdesk
Treace Medical Concepts (NASDAQ:TMCI) reported Q1 2024 earnings with a smaller loss per share of $(0.30) compared to the $(0.31) estimate and a 21.12% year-over-year increase in sales to $51.108M, beating the $49.065M estimate.
May 07, 2024 | 9:16 pm
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Treace Medical Concepts reported a smaller-than-expected Q1 2024 loss and higher sales, indicating strong performance and potential growth.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The significant year-over-year sales growth further underscores the company's strong performance and potential for future growth, making this news highly relevant and important for investors.
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