Inogen Q1 2024 Adj EPS $(0.45) Beats $(0.76) Estimate, Sales $78.025M Beat $73.663M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inogen (NASDAQ:INGN) reported Q1 2024 adjusted EPS of $(0.45), surpassing the $(0.76) estimate, and sales of $78.025M, exceeding the $73.663M forecast. This represents a 28.57% increase in EPS and an 8.12% increase in sales from the same period last year.
May 07, 2024 | 9:40 pm
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Inogen reported a significant beat on both EPS and sales estimates for Q1 2024, indicating strong financial performance.
Inogen's better-than-expected Q1 2024 earnings and sales figures suggest a positive short-term impact on its stock price. Beating EPS and sales estimates typically leads to positive investor sentiment, potentially driving up the stock price in the short term.
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