Insulet Q2 2024 Adj EPS $0.55 Misses $0.56 Estimate, Sales $488.50M Beat $463.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Insulet (NASDAQ:PODD) reported Q2 2024 earnings per share of $0.55, missing the analyst estimate of $0.56 by 1.79%. However, the company reported sales of $488.50 million, beating the estimate of $463.31 million by 5.44% and showing a 23.20% increase from the same period last year.
August 08, 2024 | 8:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Insulet's Q2 2024 earnings per share missed estimates by $0.01, but sales beat expectations by $25.19 million, showing a strong 23.20% year-over-year increase.
While the EPS miss might cause some initial negative sentiment, the significant beat on sales and strong year-over-year growth are likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100