LENSAR Q2 2024 Adj. EPS $(0.46) Misses $(0.29) Estimate, Sales $12.636M Beat $12.150M Estimate
Portfolio Pulse from Benzinga Newsdesk
LENSAR (NASDAQ:LNSR) reported Q2 2024 adjusted EPS of $(0.46), missing the $(0.29) estimate by 58.62%. Sales were $12.636M, beating the $12.150M estimate by 4.00%. EPS decreased by 76.92% YoY, while sales increased by 5.19% YoY.
August 08, 2024 | 11:30 am
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LENSAR reported Q2 2024 adjusted EPS of $(0.46), missing the $(0.29) estimate by 58.62%. Sales were $12.636M, beating the $12.150M estimate by 4.00%. EPS decreased by 76.92% YoY, while sales increased by 5.19% YoY.
The significant miss on EPS estimates and the large YoY decrease in EPS are likely to negatively impact LNSR's stock price in the short term, despite the sales beat and YoY sales growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100