Recap: Chembio Diagnostics Q2 Earnings

Recap: Chembio Diagnostics Q2 Earnings

Chembio Diagnostics CEMI reported its Q2 earnings results on Thursday, August 4, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Chembio Diagnostics missed estimated earnings by 21.05%, reporting an EPS of $-0.23 versus an estimate of $-0.19.

Revenue was up $2.70 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.08 which was followed by a 16.59% drop in the share price the next day.

Here's a look at Chembio Diagnostics's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.21 -0.20 -0.22 -0.27
EPS Actual -0.29 -0.32 -0.24 -0.45
Revenue Estimate 11.80M 13.55M 11.50M 8.53M
Revenue Actual 18.82M 20.57M 12.06M 6.46M

To track all earnings releases for Chembio Diagnostics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings