Outset Medical Q2 2024 Adj. EPS $(0.47) Misses $(0.45) Estimate, Sales $27.400M Miss $31.187M Estimate
Portfolio Pulse from Benzinga Newsdesk
Outset Medical (NASDAQ:OM) reported Q2 2024 adjusted EPS of $(0.47), missing the $(0.45) estimate. Sales were $27.4M, missing the $31.187M estimate and down 23.97% from last year.
August 07, 2024 | 8:18 pm
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NEGATIVE IMPACT
Outset Medical reported Q2 2024 adjusted EPS of $(0.47), missing the $(0.45) estimate. Sales were $27.4M, missing the $31.187M estimate and down 23.97% from last year.
The company's earnings and sales both missed analyst estimates, and sales decreased significantly year-over-year. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100