908 Devices Inc. reports results for the quarter ended in June - Earnings Summary

908 Devices

08/08/2023 14:32

* 908 Devices Inc.  MASS.OQ  reported a quarterly adjusted
loss
of 29 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss
of 35 cents per share.
    * Revenue rose 8.9% to $12.09 million from a year ago;
analysts
expected $10.38 million. 
    * 908 Devices Inc.'s reported EPS for the quarter was a loss
of 29
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * 908 Devices Inc. shares had fallen by 8.6% this
quarter and
lost 17.7% so far this year.
    * The company reported a quarterly loss of $9.35 million.
    * Wall Street's median 12-month price target for 908 Devices
Inc.
is $17.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.35          -0.29          Beat
 Mar. 31 2023      -0.35          -0.39          Missed
 Dec. 31 2022      -0.26          -0.31          Missed
 Sep. 30 2022      -0.22          -0.20          Beat