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Why Semler Scientific Stock Is Sinking Today

TheMotleyFool

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Why Semler Scientific Stock Is Sinking TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

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.

Source Fool.com

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