Sonendo Q1 2024 GAAP EPS $(0.07) Misses $0.09 Estimate, Sales $7.047M Beat $6.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonendo (NYSE:SONX) reported Q1 2024 earnings with a GAAP EPS of $(0.07), missing the $0.09 estimate, but sales of $7.047M exceeded the $6.300M forecast. This represents a 56.25% improvement in EPS and an 18.79% decrease in sales year-over-year.
May 08, 2024 | 9:38 pm
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Sonendo reported a Q1 2024 GAAP EPS of $(0.07), missing estimates, but sales of $7.047M exceeded expectations. EPS improved by 56.25% YoY, while sales decreased by 18.79%.
The mixed results with an EPS miss but sales beat could lead to neutral market reaction. The improvement in EPS YoY is positive, but the decrease in sales might raise concerns.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100