icad Q2 2024 GAAP EPS $(0.07), Inline, Sales $5.00M Beat $4.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
icad (NASDAQ:ICAD) reported Q2 2024 GAAP EPS of $(0.07), meeting analyst expectations. The company achieved sales of $5.00 million, surpassing the $4.42 million estimate by 13.06%, despite a 14.75% year-over-year decline.
August 13, 2024 | 8:03 pm
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icad reported Q2 2024 GAAP EPS of $(0.07), in line with expectations. Sales of $5.00 million beat estimates by 13.06%, despite a 14.75% decline from the previous year.
The company's earnings per share met expectations, which is neutral news. However, the sales beat by 13.06% is a positive indicator, likely to boost investor confidence in the short term. The year-over-year decline in sales is a negative factor but is outweighed by the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100