Femasys Q1 2024 GAAP EPS $(0.17) Beats $(0.19) Estimate, Sales $271.140K Miss $776.500K Estimate
Portfolio Pulse from Benzinga Newsdesk
Femasys (NASDAQ:FEMY) reported Q1 2024 earnings with a GAAP EPS of $(0.17), surpassing the $(0.19) estimate. However, their sales of $271.140K fell short of the $776.500K estimate, marking a 7.77% decrease from the previous year.
May 09, 2024 | 12:41 pm
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Femasys reported better-than-expected Q1 2024 EPS but missed sales estimates significantly, with a year-over-year decrease.
While the EPS beat may provide a short-term positive sentiment, the significant miss on sales estimates and the year-over-year decrease could raise concerns about growth and operational efficiency, likely resulting in a neutral short-term impact on the stock price.
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