Nuwellis Q2 2024 GAAP EPS $(18.85) Misses $(8.24) Estimate, Sales $2.19M Beat $2.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nuwellis (NASDAQ:NUWE) reported Q2 2024 GAAP EPS of $(18.85), missing the $(8.24) estimate by 128.76%. However, sales of $2.19M beat the $2.00M estimate by 9.54%, showing a 5.73% increase from last year's $2.08M.
August 13, 2024 | 12:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Nuwellis reported a significant EPS miss for Q2 2024, with a loss of $(18.85) per share compared to the $(8.24) estimate. However, the company exceeded sales expectations with $2.19M, a 5.73% increase from last year.
The significant EPS miss is likely to negatively impact investor sentiment and the stock price in the short term, despite the positive sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100