BioLife Solns Q2 2024 Adj. EPS $(0.05) Beats $(0.14) Estimate, Sales $28.328M Beat $23.946M Estimate
Portfolio Pulse from Benzinga Newsdesk
BioLife Solutions (NASDAQ: BLFS) reported Q2 2024 adjusted EPS of $(0.05), beating the $(0.14) estimate, and sales of $28.328M, surpassing the $23.946M estimate. Despite a year-over-year sales decrease, the results exceeded expectations.
August 08, 2024 | 8:57 pm
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POSITIVE IMPACT
BioLife Solutions reported better-than-expected Q2 2024 results with an adjusted EPS of $(0.05) beating the $(0.14) estimate and sales of $28.328M surpassing the $23.946M estimate. Despite a slight year-over-year sales decline, the positive earnings surprise is likely to boost investor confidence in the short term.
The significant beat on both EPS and sales estimates indicates strong performance relative to expectations, which is likely to positively impact the stock price in the short term. The year-over-year sales decline is a minor concern but is outweighed by the positive earnings surprise.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100