Stock Track | Mirion Technologies Plunges on Earnings Miss and Quarterly Loss

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Shares of Mirion Technologies Inc (MIR) plummeted nearly 10% on Tuesday after the company reported mixed results for the third quarter ended September 30, 2024. While Mirion's revenue beat analysts' estimates, the company missed earnings expectations and reported a significant quarterly net loss, disappointing investors.

For the quarter, Mirion reported adjusted earnings per share (EPS) of $0.08, missing the consensus analyst estimate of $0.09 per share. The company's revenue rose 8.2% year-over-year to $206.8 million, surpassing the Wall Street expectation of $203.67 million. However, Mirion's reported EPS for the quarter was a loss of $0.07, and the company posted a net loss of $13.6 million.

Despite the revenue growth, Mirion's profitability struggles appear to have spooked investors, leading to the sharp sell-off in the stock. Prior to the earnings release, Mirion shares had gained 28.4% in the quarter and 38.6% year-to-date, reflecting optimism about the company's performance. However, the disappointing earnings results and reported quarterly loss have raised concerns among investors about Mirion's ability to generate consistent profits.

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While Mirion's revenue beat analysts' ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MIR","symbol_name":"Mirion","start_time":0,"source_url":"","article_id":"1118929453","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1118929453","pubTimestamp":1730295041,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Mirion Technologies Inc  plummeted nearly 10% on Tuesday after the company reported mixed results for the third quarter ended September 30, 2024. 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