Vericel Q2 2024 GAAP EPS $(0.10) Misses $(0.09) Estimate, Sales $52.662M Beat $52.586M Estimate
Portfolio Pulse from Benzinga Newsdesk
Vericel (NASDAQ:VCEL) reported Q2 2024 GAAP EPS of $(0.10), missing the $(0.09) estimate, but achieved sales of $52.662M, beating the $52.586M estimate. EPS improved from $(0.11) last year, and sales increased by 14.68% from $45.922M.
August 01, 2024 | 12:00 pm
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Vericel (NASDAQ:VCEL) reported Q2 2024 GAAP EPS of $(0.10), missing the $(0.09) estimate by 11.11%. However, sales of $52.662M beat the $52.586M estimate, showing a 14.68% increase from last year. EPS improved from $(0.11) last year.
The mixed results, with EPS missing but sales beating estimates, suggest a neutral short-term impact on the stock price. The improvement in EPS and significant sales growth are positive, but the EPS miss may offset these gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100