Venus Concept Q2 2024 GAAP EPS $(3.05) Misses $(1.46) Estimate, Sales $16.6M Miss $16.977M Estimate
Portfolio Pulse from Benzinga Newsdesk
Venus Concept (NASDAQ:VERO) reported Q2 2024 GAAP EPS of $(3.05), missing the $(1.46) estimate by 108.9%. Sales were $16.6M, missing the $16.977M estimate by 2.22% and down 17.31% from $20.075M last year.
August 13, 2024 | 11:01 am
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Venus Concept (NASDAQ:VERO) reported a significant earnings miss for Q2 2024 with GAAP EPS of $(3.05) compared to the $(1.46) estimate. Sales also missed expectations and were down 17.31% year-over-year.
The significant miss on both earnings and sales, along with a notable year-over-year decline in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100