Profound Medical Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-09

Profound Medical (TSE:PRN) Third Quarter 2024 Results Key Financial Results Net loss: US$9.36m (loss widened by 68% from 3Q 2023). US$0.38 loss per share (further deteriorated from US$0.26 loss in 3Q...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 5.2%. Earnings per share  also missed analyst estimates by 27%.Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in North America.The company's shares are up 16% from a week ago.You still need to take note of risks, for example - Profound Medical has   1 warning sign   we think you should be aware of.","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年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PROF":0.9},"content_text":"Profound Medical (TSE:PRN) Third Quarter 2024 Results\nKey Financial Results\n\nNet loss: US$9.36m (loss widened by 68% from 3Q 2023).\nUS$0.38 loss per share (further deteriorated from US$0.26 loss in 3Q 2023).\n\n\n\n\n  TSX:PRN Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nProfound Medical Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 27%. \n Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Medical Equipment industry in North America. \nPerformance of the market in Canada.\n The company's shares are up 16% from a week ago. \nRisk Analysis\n You still need to take note of risks, for example - Profound Medical has   1 warning sign   we think you should be aware of. \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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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