LENSAR Q1 2024 GAAP EPS $(0.19) Beats $(0.28) Estimate, Sales $10.588M Beat $10.550M Estimate
Portfolio Pulse from Benzinga Newsdesk
LENSAR (NASDAQ:LNSR) reported Q1 2024 earnings with a GAAP EPS of $(0.19), surpassing the $(0.28) estimate, and sales of $10.588M, slightly above the $10.550M estimate. This represents a significant improvement over the previous year, with a 52.5% decrease in losses per share and a 28.31% increase in sales.
May 09, 2024 | 11:13 am
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POSITIVE IMPACT
LENSAR reported a better-than-expected Q1 2024 performance with both earnings per share and sales exceeding analyst estimates, indicating a strong year-over-year growth.
LENSAR's Q1 2024 report showing earnings and sales surpassing estimates suggests a positive outlook for the company. The significant improvement in losses per share and sales growth compared to the previous year indicates operational efficiency and market demand. This performance is likely to instill investor confidence, potentially leading to a short-term positive impact on LNSR's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100