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

Butterfly Network

02/05/2024 01:51

* Butterfly Network Inc  BFLY.N  reported a quarterly
adjusted
loss of 12 cents​​ per share for the quarter ended in March,
higher 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 12 cents per share. 
    * Revenue fell 27% to $11.29 million from a year ago;
analysts
expected $16.80 million. 
    * Butterfly Network Inc's reported EPS for the quarter was a
loss
of 12 cents​.
    * The company reported a quarterly loss of $21.76 million.
    * Butterfly Network Inc shares had fallen by 28.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.7%
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." 
    * Wall Street's median 12-month price target for Butterfly
Network
Inc is $3.38 

This summary was machine generated from LSEG data May 2 at 12:51
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
 Mar. 31 2024      -0.12          -0.12          Met
 Dec. 31 2023      -0.13          -0.21          Missed
 Sep. 30 2023      -0.15          -0.13          Beat
 Jun. 30 2023      -0.16          -0.14          Beat