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NVSTBearishEarningsnews
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Envista (NVST) Q1 Earnings Miss Estimates, Margins Down

May 2, 2024, 12:02 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- NVST reported Q1 2024 EPS of 26 cents, down 31.6% YoY, missing estimates. - Revenues totaled $623.6 million, down 0.6% YoY, missing estimates. - Gross profit fell 1.8% YoY, while operating profit declined 33.3% YoY. - NVST plans to continue increasing Spark margins and growing implant business. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • NVST reported Q1 2024 EPS of 26 cents, down 31.6% YoY, missing estimates.
  • Revenues totaled $623.6 million, down 0.6% YoY, missing estimates.
  • Gross profit fell 1.8% YoY, while operating profit declined 33.3% YoY.
  • NVST plans to continue increasing Spark margins and growing implant business.

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