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

Butterfly Network

11/05/2023 15:07

* Butterfly Network Inc  BFLY.N  reported a quarterly
adjusted
loss of 17 cents​​ per share for the quarter ended in March. The
mean expectation of three analysts for the quarter was for a
loss of 21 cents per share.
    * Revenue fell 0.6% to $15.48 million from a year ago;
analysts
expected $15.80 million. 
    * Butterfly Network Inc's reported EPS for the quarter was a
loss
of 17 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Butterfly Network Inc shares had risen by 18.6% this
quarter and
lost 9.3% so far this year.
    * The company reported a quarterly loss of $33.54 million.
    * Wall Street's median 12-month price target for Butterfly
Network
Inc is $5.25 
    * 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 May
11 at 02:07 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.21          -0.17          Beat
 Dec. 31 2022      -0.22          -0.17          Beat
 Sep. 30 2022      -0.24          -0.27          Missed
 Jun. 30 2022      -0.27          -0.18          Beat