LivaNova Q3 2024 Adj EPS $0.90 Beats $0.72 Estimate, Sales $318.10 Miss $300.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
LivaNova reported Q3 2024 earnings per share of $0.90, surpassing the analyst estimate of $0.72, marking a 23.29% increase from the previous year. However, sales were $318.10 million, missing the $300.49 million estimate.
October 30, 2024 | 10:01 am
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LivaNova's Q3 2024 earnings per share exceeded expectations, but sales fell short of estimates. The EPS of $0.90 was a significant 23.29% increase from last year, indicating strong profitability. However, the sales figure of $318.10 million, despite being higher than last year's $286.10 million, did not meet the analyst consensus of $300.49 million.
The earnings per share beat indicates strong profitability, which is positive for the stock. However, the sales miss could raise concerns about revenue growth, balancing the overall impact to neutral in the short term.
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