Spectral AI Q1 2024 GAAP EPS $(0.19) Beats $(0.26) Estimate, Sales $6.326M Miss $7.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Spectral AI (NASDAQ:MDAI) reported Q1 2024 earnings with a smaller loss per share of $(0.19) than expected, beating the $(0.26) estimate, a 26.92% positive surprise. However, their sales of $6.326M fell short of the $7.000M forecast, missing by 9.63%. Despite the sales miss, both earnings and sales showed improvement from the previous year, with earnings up 29.63% and sales up 24.58%.
May 07, 2024 | 9:58 pm
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Spectral AI reported a smaller-than-expected Q1 2024 loss and a year-over-year improvement in earnings and sales, despite missing sales estimates.
Beating EPS estimates typically has a positive impact on investor sentiment and stock price in the short term, despite the miss on sales forecasts. The year-over-year growth in both earnings and sales further supports a positive outlook, indicating operational improvement and potential for future growth.
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