Alimera Sciences Q1 EPS $(0.12) Misses $(0.06) Estimate, Sales $23.01M Beat $22.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alimera Sciences (NASDAQ:ALIM) reported Q1 EPS of $(0.12), missing the $(0.06) estimate, but sales of $23.01M exceeded the $22.25M forecast. This represents an 83.1% decrease in losses and a 69.87% increase in sales compared to the same period last year.
May 14, 2024 | 11:35 am
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NEUTRAL IMPACT
Alimera Sciences reported a mixed Q1 with an EPS miss but a sales beat. Losses significantly decreased, and sales increased compared to last year.
The EPS miss may concern investors, potentially putting downward pressure on the stock. However, the significant sales beat and improvement in losses compared to last year could offset negative sentiment. The mixed results make the short-term impact uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100