Butterfly Network, Inc. (BFLY) Reports Q3 Loss, Tops Revenue Estimates

Group 1 - Butterfly Network, Inc. reported a quarterly loss of $0.08 per share, better than the Zacks Consensus Estimate of a loss of$ 0.10, and an improvement from a loss of $0.13 per share a year ago, representing an earnings surprise of 20% [1] - The company posted revenues of$ 20.56 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 7.54%, and showing an increase from $15.42 million in the same quarter last year [2] - Butterfly Network shares have increased approximately 64.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 19.6% [3] Group 2 - The earnings outlook for Butterfly Network is mixed, with the current consensus EPS estimate for the upcoming quarter at -$ 0.10 on revenues of $21.01 million, and for the current fiscal year at -$ 0.37 on revenues of $79.27 million [7] - The Medical Info Systems industry, to which Butterfly Network belongs, is currently ranked in the top 25% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]