CVRx Q3 EPS $(0.57) Misses $(0.47) Estimate, Sales $13.37M Beat $13.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
CVRx reported Q3 earnings with a loss of $(0.57) per share, missing the estimate of $(0.47), but sales of $13.37M beat the $13.21M estimate. The loss per share increased by 32.56% from last year, while sales grew by 27.23%.
October 29, 2024 | 8:59 pm
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NEGATIVE IMPACT
CVRx's Q3 earnings report showed a larger-than-expected loss per share of $(0.57), missing estimates by 21.28%. However, sales of $13.37M exceeded expectations, showing a 27.23% increase from last year.
The larger-than-expected loss per share is likely to negatively impact CVRx's stock price in the short term, despite the positive sales growth. Investors may focus on the earnings miss, which was significant at 21.28%, overshadowing the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100