KORU Medical Systems Q2 2024 Adj. EPS $(0.01) Beats $(0.04) Estimate, Sales $8.430M Beat $7.570M Estimate
Portfolio Pulse from Benzinga Newsdesk
KORU Medical Systems (NASDAQ:KRMD) reported Q2 2024 adjusted EPS of $(0.01), beating the $(0.04) estimate, and sales of $8.430M, surpassing the $7.570M estimate. This represents a 75% improvement in EPS and a 21.54% increase in sales compared to the same period last year.
August 07, 2024 | 9:28 pm
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POSITIVE IMPACT
KORU Medical Systems reported better-than-expected Q2 2024 results with an adjusted EPS of $(0.01) beating the $(0.04) estimate and sales of $8.430M surpassing the $7.570M estimate. This indicates strong financial performance and growth.
The significant beat on both EPS and sales estimates suggests strong operational performance and financial health, likely leading to positive investor sentiment and a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100