Profound Medical Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.08-11

Profound Medical (TSE:PRN) Second Quarter 2024 Results Key Financial Results Net loss: US$6.92m (loss narrowed by 5.9% from 2Q 2023). US$0.28 loss per share (improved from US$0.35 loss in 2Q 2023). ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 39%. Earnings per share  exceeded analyst estimates by 1.3%.Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in North America.The company's shares are down 4.3% from a week ago.Be aware that  Profound Medical is showing  1 warning sign in our investment analysis that you should know about...","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PROF":"Profound Medical Corp."},"translate_title":"Profound Medical 2024年第二季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PROF":0.9},"content_text":"Profound Medical (TSE:PRN) Second Quarter 2024 Results\nKey Financial Results\n\nNet loss: US$6.92m (loss narrowed by 5.9% from 2Q 2023).\nUS$0.28 loss per share (improved from US$0.35 loss in 2Q 2023).\n\n\n\n\n  TSX:PRN Earnings and Revenue Growth August 11th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nProfound Medical EPS Beats Expectations, Revenues Fall Short\n Revenue missed analyst estimates by 39%. Earnings per share (EPS) exceeded analyst estimates by 1.3%. \n Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Medical Equipment industry in North America. \nPerformance of the market in Canada.\n The company's shares are down 4.3% from a week ago. \nRisk Analysis\n Be aware that  Profound Medical is showing  1 warning sign in our investment analysis that you should know about... \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. 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