Elutia Q1 2024 GAAP EPS $(0.75) Misses $(0.41) Estimate, Sales $6.694M Beat $6.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
Elutia (NASDAQ:ELUT) reported Q1 2024 earnings with a GAAP EPS of $(0.75), missing the $(0.41) estimate by 82.93%, and a 222.95% decrease from last year's $0.61 EPS. However, their sales of $6.694M exceeded the $6.100M estimate by 9.74%, marking a 4.72% increase from the previous year.
May 09, 2024 | 10:17 pm
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NEUTRAL IMPACT
Elutia's Q1 2024 earnings showed a significant miss in EPS but exceeded sales estimates, indicating mixed financial health.
The significant miss in EPS could concern investors about profitability, while the sales beat might indicate solid demand for Elutia's products or services. The mixed results make the short-term stock price direction uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100