American Shared Hospital Services posts EPS miss, revenue beats
Quarterly earnings per share fell short of expectations while total revenue exceeded analyst forecasts.
American Shared Hospital Services Inc. reported quarterly earnings that missed analyst estimates by $0.05 per share, while revenue surpassed projections.
The company’s adjusted earnings per share (EPS) came in at $0.15, below the $0.20 forecast from Refinitiv IBES. Revenue totaled $28.7 million, exceeding the $27.5 million estimate.
American Shared Hospital Services, which provides shared hospital services and medical equipment to healthcare facilities, did not provide forward guidance in its earnings release. The company’s management highlighted operational improvements as key drivers of the revenue beat.
Shares of American Shared Hospital Services were down 3% in after-hours trading following the report. The stock had gained 12% year-to-date prior to the earnings release.
The company’s next earnings report is scheduled for the third quarter of 2024.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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