SMLR - Why Semler Scientific Stock Is Sinking Today
Shares of Semler Scientific (NASDAQ: SMLR) were sinking 23.1% as of 10:33 a.m. ET on Tuesday. The steep decline came after the medical technology company reported its first-quarter results following the market close on Monday.
Semler announced Q1 revenue of $14 million, up 6% year over year. However, this result was below the consensus revenue estimate of $15.8 million.
The company posted earnings of $3.4 million, or $0.41 per diluted share. In the prior-year period, Semler generated earnings of $4.9 million, or $0.60 per diluted share. The average analysts' earnings estimate was $0.56 per share.
For further details see:
Why Semler Scientific Stock Is Sinking Today