AirSculpt Technologies Q1 Adj $0.03 Beats $(0.02) Estimate, Sales $47.62M Miss $49.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
AirSculpt Technologies (NASDAQ:AIRS) reported Q1 earnings of $0.03 per share, surpassing the $(0.02) estimate, marking a 250% beat but a 70% decrease from last year's $0.10. However, their Q1 sales of $47.62M fell short of the $49.80M estimate by 4.38%, though it's a 3.94% increase from the previous year.
May 10, 2024 | 10:03 am
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AirSculpt Technologies reported a mixed Q1 with earnings beating estimates but sales missing expectations. Earnings per share were $0.03, exceeding the $(0.02) estimate significantly, yet sales of $47.62M didn't meet the $49.80M forecast.
The positive earnings beat could provide a short-term uplift to AIRS stock, reflecting operational efficiency and profitability. However, the sales miss might temper investor enthusiasm due to concerns over growth momentum, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100