American Well Q3 2024 GAAP EPS $(2.87) Beats $(3.50) Estimate, Sales $61.046M Miss $63.272M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Well (NYSE:AMWL) reported a Q3 2024 GAAP EPS of $(2.87), beating the estimate of $(3.50), but sales of $61.046M missed the $63.272M estimate. Sales decreased by 1.41% compared to the same period last year.
October 30, 2024 | 8:31 pm
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American Well's Q3 2024 EPS beat expectations, but sales fell short and decreased year-over-year, which may lead to mixed investor sentiment.
The EPS beat suggests better-than-expected cost management or operational efficiency, which is positive. However, missing sales estimates and a year-over-year decline in sales could raise concerns about growth prospects. These mixed results may lead to neutral short-term stock price movement as investors weigh the positives against the negatives.
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IMPORTANCE 80
RELEVANCE 100