iRhythm Technologies Q3 2024 Adj EPS $(1.26) Misses $(0.57) Estimate, Sales $147.50M Beat $146.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
iRhythm Technologies reported a Q3 2024 adjusted EPS of $(1.26), missing the $(0.57) estimate, but sales of $147.50M beat the $146.73M estimate. Sales increased by 18.38% compared to the same period last year.
October 30, 2024 | 8:19 pm
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NEGATIVE IMPACT
iRhythm Technologies reported a significant EPS miss for Q3 2024, with $(1.26) against the expected $(0.57). However, sales slightly exceeded expectations at $147.50M, showing an 18.38% increase from last year.
The significant EPS miss suggests potential concerns about profitability, which could negatively impact the stock price in the short term. However, the sales beat and year-over-year growth provide some positive context.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100