HeartBeam Q1 2024 GAAP EPS $(0.17) Misses $(0.15) Estimate
Portfolio Pulse from Benzinga Newsdesk
HeartBeam (NASDAQ:BEAT) reported Q1 2024 GAAP EPS of $(0.17), missing the $(0.15) estimate by 13.33%, but marking a 66% improvement over last year's $(0.50) per share loss.
May 09, 2024 | 9:31 pm
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HeartBeam's Q1 2024 earnings report showed a loss per share of $(0.17), missing the consensus estimate of $(0.15) but improved from last year's $(0.50) loss.
Missing earnings estimates typically has a negative short-term impact on a company's stock price, as it may indicate underperformance compared to market expectations. However, the significant improvement from the previous year's loss may mitigate some negative perceptions.
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RELEVANCE 100