Butterfly Network Inc reports results for the quarter ended in December - Earnings Summary

Butterfly Network

29/02/2024 02:04

* Butterfly Network Inc  BFLY.N  reported a quarterly
adjusted
loss of 21 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of -17 cents.  The mean expectation of two analysts for the
quarter was for a loss of 13 cents per share. Wall Street
expected results to range from -15 cents to -12 cents per share.
    * Revenue fell 13% to $16.52 million from a year ago;
analysts
expected $15.35 million. 
    * Butterfly Network Inc's reported EPS for the quarter was a
loss
of 21 cents​.
    * The company reported a quarterly loss of $44.12 million.
    * Butterfly Network Inc shares had risen by 38.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.6%
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
"strong buy"
and the breakdown of recommendations is 2 "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  "buy."

Wall Street's median 12-month price target for Butterfly Network
Inc is $3.38 
This summary was machine generated from LSEG data February 29 at
02:04 a.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
 Dec. 31 2023      -0.13          -0.21          Missed
 Sep. 30 2023      -0.15          -0.13          Beat
 Jun. 30 2023      -0.16          -0.14          Beat
 Mar. 31 2023      -0.21          -0.17          Beat