Yahoo Finance Penumbra Second Quarter 2024 Earnings: EPS Misses Expectations
Penumbra (NYSE:PEN) Second Quarter 2024 Results
Key Financial Results
Revenue: US$299.4m (up 14% from 2Q 2023).
Net loss: US$60.2m (down by 418% from US$19.0m profit in 2Q 2023).
US$1.55 loss per share (down from US$0.49 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Penumbra EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's shares are down 12% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Penumbra you should know about.
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