Biomea Fusion Q2 EPS $(0.70) Beats $(0.87) Estimate
Portfolio Pulse from Benzinga Newsdesk
Biomea Fusion (NASDAQ:BMEA) reported Q2 losses of $(0.70) per share, beating the analyst consensus estimate of $(0.87) by 19.54%. However, this represents an 18.64% increase in losses compared to the same period last year.
July 31, 2023 | 8:51 pm
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Biomea Fusion's Q2 losses were less than expected, but increased compared to last year. This mixed result could lead to uncertain market reactions.
While Biomea Fusion beat analyst estimates, the increase in losses compared to the same period last year could be a concern for investors. This could lead to mixed market reactions, making the short-term impact on the stock price uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100