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

Butterfly Network

03/08/2023 15:19

* Butterfly Network Inc  BFLY.N  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended in June. The
mean expectation of four analysts for the quarter was for a loss
of 16 cents per share.
    * Revenue fell 3.8% to $18.49 million from a year ago;
analysts
expected $18.01 million. 
    * Butterfly Network Inc's reported EPS for the quarter was a
loss
of 14 cents​.
    * The mean earnings estimate of analysts had risen by
about 8% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Butterfly Network Inc shares had risen by 2.2% this
quarter and
lost 4.5% so far this year.
    * The company reported a quarterly loss of $28.67 million.
    * Wall Street's median 12-month price target for Butterfly
Network
Inc is $4.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 02:18 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.16          -0.14          Beat
 Mar. 31 2023      -0.21          -0.17          Beat
 Dec. 31 2022      -0.22          -0.17          Beat
 Sep. 30 2022      -0.24          -0.27          Missed