* Butterfly Network Inc reported a quarterly adjusted loss of 8 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of three analysts for the quarter was for a loss of 9 cents per share. Wall Street expected results to range from -9 cents to -8 cents per share.
* Revenue rose 33.3% to $20.56 million from a year ago; analysts expected $19.01 million.
* Butterfly Network Inc's reported EPS for the quarter was a loss of 8 cents.
* The company reported a quarterly loss of $16.92 million.
* Butterfly Network Inc shares had risen by 0.6% this quarter and gained 64.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 2% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the advanced medical equipment & technology peer group is also "buy"
Wall Street's median 12-month price target for Butterfly Network Inc is 3.00 This summary was machine generated from LSEG data November 1 at 02:26 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -0.09 -0.08 Beat
Jun. 30 2024 -0.10 -0.07 Beat
Mar. 31 2024 -0.12 -0.10 Beat
Dec. 31 2023 -0.13 -0.21 Missed
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