American Well Q2 2024 GAAP EPS $(3.36) Beats $(3.90) Estimate, Sales $62.790M Beat $61.612M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Well (NYSE:AMWL) reported Q2 2024 GAAP EPS of $(3.36), beating the $(3.90) estimate. Sales were $62.790M, surpassing the $61.612M estimate and showing a slight increase from last year's $62.447M.
July 31, 2024 | 9:08 pm
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American Well (NYSE:AMWL) reported better-than-expected Q2 2024 results with GAAP EPS of $(3.36) beating the $(3.90) estimate and sales of $62.790M surpassing the $61.612M estimate. This indicates a positive short-term impact on the stock.
The better-than-expected EPS and sales figures suggest a positive market reaction. Beating both earnings and revenue estimates typically boosts investor confidence and can lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100