Butterfly Network Inc reports results for the quarter ended in September 30 - Earnings Summary

Butterfly Network

01/11/2024 14:26

* Butterfly Network Inc  BFLY.N  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -13 cents.  The mean expectation of
three analysts for the quarter was for a loss of 9 cents per
share. Wall Street expected results to range from -9 cents to -8
cents per share.
    * Revenue rose 33.3% to $20.56 million from a year ago;
analysts
expected $19.01 million. 
    * Butterfly Network Inc's reported EPS for the quarter was a
loss
of 8 cents​.
    * The company reported a quarterly loss of $16.92 million.
    * Butterfly Network Inc shares had risen by 0.6% this
quarter and
gained 64.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% 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 "buy"
and
the breakdown of recommendations is 3 "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 also "buy"

Wall Street's median 12-month price target for Butterfly Network
Inc is 3.00 
This summary was machine generated from LSEG data November 1 at
02:26 p.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
 Sep. 30 2024      -0.09          -0.08          Beat
 Jun. 30 2024      -0.10          -0.07          Beat
 Mar. 31 2024      -0.12          -0.10          Beat
 Dec. 31 2023      -0.13          -0.21          Missed