Vericel Q1 EPS $(0.08) Beats $(0.11) Estimate, Sales $51.28M Beat $49.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vericel (NASDAQ:VCEL) reported Q1 earnings with losses of $(0.08) per share, surpassing the $(0.11) estimate, and sales of $51.28M, exceeding the $49.07M estimate. This represents a 50% decrease in losses and a 25.02% increase in sales year-over-year.
May 08, 2024 | 11:56 am
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Vericel reported Q1 EPS of $(0.08), beating estimates by 27.27%, and sales of $51.28M, 4.51% above estimates, showing significant year-over-year growth.
Vericel's better-than-expected Q1 earnings and sales growth are likely to positively impact investor sentiment and the stock price in the short term. The significant beat on both EPS and sales estimates, coupled with year-over-year growth, indicates strong operational performance and could lead to upward price movements.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100