Avinger Q1 2024 GAAP EPS $(2.49) Misses $(1.35) Estimate, Sales $1.859M Miss $2.360M Estimate
Portfolio Pulse from Benzinga Newsdesk
Avinger (NASDAQ:AVGR) reported Q1 2024 GAAP EPS of $(2.49), missing the $(1.35) estimate by 84.44%. Sales were $1.859M, missing the $2.360M estimate by 21.23%.
May 15, 2024 | 8:21 pm
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NEGATIVE IMPACT
Avinger reported Q1 2024 GAAP EPS of $(2.49), significantly missing the $(1.35) estimate. Sales also missed expectations, coming in at $1.859M versus the $2.360M estimate.
Avinger's significant miss on both EPS and sales estimates is likely to negatively impact its stock price in the short term. The EPS miss was by a large margin (84.44%), and sales also fell short by 21.23%, indicating potential operational or market challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100