Avinger Q2 2024 GAAP EPS $(2.82) Misses $(0.43) Estimate, Sales $1.847M Miss $2.551M Estimate
Portfolio Pulse from Benzinga Newsdesk
Avinger (NASDAQ:AVGR) reported Q2 2024 GAAP EPS of $(2.82), significantly missing the $(0.43) estimate. Sales were $1.847M, also missing the $2.551M estimate. EPS improved by 68.17% from last year, but sales decreased by 9.51%.
August 08, 2024 | 9:44 pm
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NEGATIVE IMPACT
Avinger reported Q2 2024 GAAP EPS of $(2.82), missing the $(0.43) estimate by a wide margin. Sales were $1.847M, also missing the $2.551M estimate. Despite an improvement in EPS from last year, the significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term.
The significant miss on both EPS and sales estimates indicates poor financial performance, which is likely to lead to a negative reaction from investors. The improvement in EPS from last year is overshadowed by the large miss on expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100