CVRx Q2 2024 GAAP EPS $(0.65) Misses $(0.53) Estimate, Sales $11.807M Beat $11.787M Estimate
Portfolio Pulse from Benzinga Newsdesk
CVRx (NASDAQ:CVRX) reported Q2 2024 GAAP EPS of $(0.65), missing the $(0.53) estimate, but sales of $11.807M beat the $11.787M estimate. EPS decreased by 16.07% YoY, while sales increased by 24.28% YoY.
July 29, 2024 | 8:18 pm
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CVRx reported a Q2 2024 GAAP EPS of $(0.65), missing the $(0.53) estimate by 22.64%. However, sales of $11.807M beat the $11.787M estimate. EPS decreased by 16.07% YoY, while sales increased by 24.28% YoY.
The significant miss on EPS by 22.64% is likely to negatively impact the stock price in the short term, despite the slight beat on sales and the YoY sales growth. Investors may focus more on the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100